Plaintiff VMVS Associates is one of several limited partners in 40 West 45th Street Associates, a limited partnership, which owned a building located at that address. Plaintiff brought an action seeking money damages, rescission of its subscription agreement, and an accounting from the general partner, defendant Consolidated Equities, Inc. and its principals, alleging fraud, breach of fiduciary duty, waste and mismanagement of the property.
In April 1985, plaintiff...
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