FI L ED U.S. COURT OF APPEAL S EL EVENTHCI RCUI T J ULY 13, 2011 J OHN L EY CL ERK [DO NOT PUBLISH] IN THE UN ITED STATES COURT OF APPEALS FOR THE ELE VENTH CIRCUIT

__ __ __ __ __ __ _ No. 1 0- 10 76 1

__ __ __ __ __ __ _ D.C. Dock etNo. 8: 09 -cv -0 00 33 -VMC- EAJ
GLENN W . CHERRY, Dr., CHARLES W . CHERRY, II, Esq ., GROUP ASSETS, LLC, Pla in ti ffs -Ap pe ll an ts ,

ve rs us D. B. ZW IRN SPECI AL OPPORTUNITIES FUND, L.P., BLACK ENTERPRISE/ GREENW ICH STREET CORPORATE GROW TH INVESTORS, LLC, et al ., Defen da nt s- App el le es .

__ __ __ __ __ __ App eal fro m

th e Uni te d S ta te s Di st ric t Co urt fo r th e Mi dd le Dis tri ctof F lo rid a

__ __ __ __ __ __ (J ul y 13 , 20 11 ) Befo re TJ OFLAT, CARNES andHILL, Circu itJu dg es .PER CURI AM:

Thi s i s an ap pe al fro m

th e d is m is sa l o f th e p la in ti ffs ’ am en de d c om pl ai nt , wit ho utlea ve to furth er am en d, i n t he ir d eri va ti ve act io n/ cl as s ac ti on ag ai ns t
m ul ti pl e d efen da nt s, as se rti ng ele ve n (1 1) all eg edvi ol at io ns , in cl ud in g ra ci al di sc riminat io n u nd er 4 2 U.S.C. § § 1 98 1 a nd19 82
. Col le ct iv el y , th e v ari ou s 1 de fen da nt s fi le d fo ur

(4) m ot io ns to di sm is s. Th e rep ort an d re co m m en da ti on of th e Uni te d S ta te s M ag is tra te Ju dg e rec omm en de d t ha t t he pl ai nt iff s’ am en de d
co m pl ai ntbe di sm is se d, an d t he m ot io ns to di sm is s b e g ran te d. Th e d is tri ctco urt, aft er ca refu l co ns id erat io n, ad op te d the rep ort an d re co m m en da ti on of t he
m ag is tra te jud ge , wit h t he ad de d d et erm in at io n t ha t t he di sm is sa l b e witho utlea ve to am en d.

The named plaintiffs ar e: Dr. G lenn W. Cherry , Charles W. Cherry , I I(collec tively , the 1 Cherry s), and Gr oup Assets, L L C (Group Asse ts). The Cher ry s are share holders in def endant Tama B roadc asting , Inc. (Ta ma). The y

formed Group Assets, a F lorida limited liabili ty company which lea sed prope rty

for c erta in radio stations and studios owned by Tama. The named def

endants a re: D.B . Z wirn Specia l Opportunities Fund L .P., St raight Way Radio, L L C, Ber

nard Radio, L L C, Daniel B . Z wirn, Peter L ieber man, Ted B olton, Tama, B lack Enterpr ise/Gree nwich Stree t Corporate Growth Investors, L L C, Blac k Enterprise/Gree nwich Street Corporate Growth Partners, L .P., J eff rey Scott, Ed A. Wi lliams, and Chris McMurray
. Plaintiffs alleg ed that ce rtain of the de fenda nts: (1) violated the Equa l Credit Opportunity Act, 15 U.S.C. § 1691, et seq .; (2) violated 42 U.S.C. §§ 1981, 1982; (3) violated Sec tion 10(b) of the Sec urities Ex chang e Ac t of 1934 and Rule 10b-5; (4) violated Section 310(d) of the Fe dera l Communications Act, 47 U.S.C. § 151, et seq. ; (5) bre ache d their fiducia ry duties; (6) brea ched the ir duty

of ca re a nd improvidently

lent funds to plaintiffs; (7) bre ache d an implied covena nt of g ood faith and f

air de aling ; (8) tortiously

interfe red w ith plaintiffs’ contra ctual relations and prospec tive business; (9) eng ag ed in dec eptive business pra ctices; (10) violated Sections 448.102(1) a

nd (3) of the Flor ida Whist le-B lower A ct; and (11) unjustly enric hed themselves by

utiliz ing pla intiffs’ prope rty without paying r ent. 2W e h av e th or ou gh ly revi ewedth e rec or d i n thi s ca se , th e rep ort an d

reco m m en da ti on of t he m ag is tra te jud ge , th e d is tri ctco urt o rd er ad op ti ng th e
m ag is tra te jud ge ’s rep ort an d re co m m en da ti on , th e d et erm in at io n b y th e d is tri ct
co urt t ha t t he di sm is sa l b e wit ho utlea ve to fur th er am en d, an d t he bri efs an d t he arg um en ts of c ou ns el . Fin di ng no erro r, th e jud gm en t o f th e d is tri ctco urt i s affi rm ed
. AFFIR MED.

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