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LONG v. ABBOTT MORTG. CORP.

Civ. No. N-74-133.

459 F.Supp. 108 (1978)

Dwight A. LONG v. ABBOTT MORTGAGE CORPORATION, a/k/a Abbot Mortgage & Loan Corporation, et al.

United States District Court, D. Connecticut.

August 8, 1978.

Attorney(s) appearing for the Case

Louis Winer, New Haven, Conn., for plaintiff.

Ira B. Grudberg, Jack Barnston, William Gallagher, New Haven, Conn., for defendants.

MEMORANDUM OF DECISION

NEWMAN, District Judge.

INTRODUCTION

In May, 1971, the New Haven Register, a daily paper of general circulation, carried an advertisement offering an opportunity to invest in mortgages with a "13-15% GUARANTEED RETURN." Dwight A. Long, a retired businessman, responded to the ad and during the next eighteen months invested well over $100,000 in nine mortgages through the defendant Abbott Mortgage Corporation (formerly...

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