1.   By last year, the investment appeared to have become a disaster for the land fund and a boon for the mortgage partnership.

2.   Despite his dismissal for cause from the mortgage partnership, Levine continued to run seven other Banyan entities, including two with the same directors as the mortgage partnership.

3.   Neither Levine nor any directors of the mortgage partnership held a stake in it.

4.   That kind of jewel resting in the publicly traded mortgage partnership attracted the attention of high-profile investors.

5.   The directors of the mortgage partnership were not consulted, according to SEC filings by the partnership.

6.   Though dismissed by the mortgage partnerships and another partnership, he retains his post at the other entities.

7.   Though Levine was dismissed, the suit says, the mortgage partnerships kept their service contracts with Banyan Management.

8.   With the mortgage partnership days away from possibly receiving a tender offer, Levine amended the joint development agreement from four years earlier.