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compensating Greene in any manner for his advice regarding
Plymouth.
Greene learned of the Sentinel EPE recyclers and Plymouth
from Bachmann and Abramson at a firm meeting. Greene recalls
that Bachmann was enthusiastic about the investment. At the firm
meeting, Bachmann described the recycler and his and Abramson's
visit to PI's plant in Hyannis. Greene did not discuss valuation
with Bachmann. While Greene knew that Bachmann did not have any
experience in plastics engineering or plastics technology, he
nonetheless relied on whatever investigation Bachmann had made
with respect to the Sentinel EPE recyclers and the Plastics
Recycling transactions. Greene received his partnership share of
the 10-percent commission Bachmann, Schwartz received for
arranging the Brodies' investment in Plymouth.
Greene did not read the entire Plymouth offering memorandum
and only glanced through the section entitled "Potential
Conflicts of Interest." He could not recall at trial that
Burstein, one of F & G's evaluators of the Sentinel EPE recycler,
was a business associate and client of Miller, who was corporate
counsel to PI and a shareholder of F & G in 1981. Greene did not
check the figures or underlying assumptions in the offering
memorandum, or prepare any sort of analysis for Brodie. Even
though Bachmann, Schwartz had clients in the plastics business,
Greene did not consult them about plastics recycling.
Brodie read the Plymouth offering memorandum, including the
reports by F & G's evaluators. He understood that the tax
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