At issue on this appeal is whether the third-party complaint states a cause of action based upon fraud against third-party defendant Gianfranco Steffe. Prior to March 18, 1988, Steffe and two others were the owners of all the shares of defendant, a corporation engaged in the construction business. By a redemption agreement dated March 18, 1988, defendant purchased the shares of Steffe and one of the other shareholders. Defendant also released...
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