SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of
1934
Date of Report (Date of earliest event reported) October 16, 1997
MIDWEST REAL ESTATE SHOPPING CENTER, L.P.
(Exact name of registrant as specified in its charter)
Delaware 1-9331 13-3384643
State or other jurisdiction Commission IRS Employer
of incorporation File Number Identification No.
3 World Financial Center, 29th Floor
New York, NY Attn: Andre Anderson 10285
Address of principal executive offices Zip Code
Registrant's telephone number, including area code (212) 526-3237
Item 5. Other Events
Pending Settlement of Securities Litigation
Midwest Real Estate Shopping Center, L.P. has entered into a
stipulation and agreement of settlement of the following civil
actions pending in the United States District Court for the
Southern District of New York (the "District Court"):
(i) Donato J. Carone et al. v. Midwest Centers, Inc. et
al., 94 Civ. 9293;
(ii) Barry Tannenbaum v. Midwest Centers, Inc. et al.,
95 Civ. 3123
(iii) Vernon Lindbloom v. Midwest Centers, Inc. et al.,
95 Civ. 3051
(iv) Norman D. Rom v. Paul L. Abbott et al., 95 Civ. 5202; and
(v) Norman D. Rom v. Paul L. Abbott et al., 95 Civ. 8006.
Pursuant to the settlement agreement, which resolves all matters
among the parties, Midwest will contribute $500,000 toward a fund
for the payment of all plaintiff's claims. Midwest has decided
to settle the actions solely to avoid further expense,
inconvenience and the burden of continued litigation, and
continues to deny all the allegations asserted against it in the
Complaint.
The settlement agreement has been submitted for approval to the
District Court and the United States Bankruptcy Court for the
Southern District of New York, which has continuing jurisdiction
over the resolution of the lawsuits pursuant to the Midwest Plan
of Reorganization, confirmed by order of the Bankruptcy Court on
November 25, 1996.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned hereunto duly authorized.
MIDWEST REAL ESTATE SHOPPING CENTER, LP
Registrant
By: MIDWEST CENTERS INC.
General Partner
Date: October 16, 1997 By: /s/ Robert J. Hellman
President, Chairman
and Director
