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the various individuals who represented the University with
respect to its desire to dispose of the encumbered St. Clair
property as representatives of the University.)
In their dealings with Mr. Signom regarding the University’s
desire to dispose of the encumbered St. Clair property, the
representatives of the University asked Mr. Signom to consider,
inter alia, the following proposals: (1) Sale by the University
to Mr. Signom of its fee interest in that property, (2) purchase
by the University of MHR Properties’ St. Clair property inter-
ests, or (3) gift to the University of MHR Properties’ St. Clair
property interests. Mr. Signom advised the representatives of
the University that he was willing to consider the foregoing
proposals, but that he had to discuss those proposals with Ms.
Signom and obtain her agreement in order to effect any such
proposal because MHR Properties, a partnership in which he and
Ms. Signom were equal general partners, held MHR Properties’ St.
Clair property interests.
No agreement was reached during the period 1988-1990 between
the University and petitioners on how to accomplish the Univer-
sity’s goal of disposing of the encumbered St. Clair property.
Nonetheless, the representatives of the University continued to
explore with Mr. Signom and others, including an attorney named
Marvin Felman (Mr. Felman), how to accomplish that objective.
Sometime prior to May 1991, certain representatives of the
University and Mr. Signom became aware that Mr. Felman had a
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