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ACORN PARTNERS II v. KILEY

193 A.D.2d 397 (1993)

597 N.Y.S.2d 63

Acorn Partners II et al., Appellants, v. John R. Kiley et al., Respondents. (And a Third-Party Action.)

Appellate Division of the Supreme Court of the State of New York, First Department.

May 6, 1993

In 1988, the corporate plaintiff, Acorn Equities, formed the plaintiff limited partnership, Acorn Partners II, for the purpose of developing a single family residence in Sharon, Connecticut. Equities is a Connecticut corporation whose principal place of business is in New York County. Partners II was formed under Connecticut law. Plaintiff Klepner is the sole shareholder of the corporation. In April 1989, Klepner sought equity investors to participate in the limited partnership...

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