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BERNSTEIN v. NEMEYER

(13823)

213 Conn. 665 (1990)

SIDNEY R. BERNSTEIN ET AL. v. RONALD J. NEMEYER ET AL.

Supreme Court of Connecticut.

Decision released February 13, 1990.

Attorney(s) appearing for the Case

Alan R. Spirer, with whom were Nathan C. Nasser and, on the brief, Karen Spirer, for the appellants (plaintiffs).

Richard P. Weinstein, for the appellees (defendants).

PETERS, C. J., SHEA, CALLAHAN, GLASS and COVELLO, JS.

PETERS, C. J.

The principal issue in this case is whether investors in a speculative real estate venture are entitled to rescission and restitution of their investments upon breach of a "negative cash flow guaranty" contained in their partnership agreement. The plaintiffs1 brought this action against the defendants Ronald J. Nemeyer and Cheshire Management Company, Inc., who are the general partners...

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