Plaintiff had been a limited partner in the brokerage firm of Hirsch & Co. A committee of Hirsch & Co. had been considering a proposed merger with Francis I. duPont & Co. A report was submitted to the Hirsch & Co. partners recommending the merger and the transfer of capital contributions to duPont. Plaintiff became a limited partner in duPont, making a $250,000 capital contribution. He withdrew this contribution when he allegedly discovered that the statements...
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