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) February 27, 1998
MIDWEST REAL ESTATE SHOPPING CENTER, L.P.
(Exact name of registrant as specified in its charter)
Delaware 1-9331 13-3384643
State or other jurisdictionCommission 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
Settlement of Securities Litigation
In a Final Order and Judgment dated February 20, 1998, a
stipulation and agreement of settlement of the civil actions
listed below was approved by the United States District Court for
the Southern District of New York.
(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 contributed $500,000 toward a fund for
the payment of all plaintiff's claims. Midwest 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.
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: March 5, 1998 By: /s/Robert J. Hellman
Robert J. Hellman
President, Chairman and Director
