This action arises out of plaintiffs' purchase of an investment from Cogenic Energy Services, Inc., a now defunct, publicly traded company that was engaged in the development, manufacture, sale and maintenance of small-scale, self-contained electrical generation processes that have heat recovery capability and were intended to produce savings in energy costs. In late 1987 and early 1988, defendant-appellant, the chairman of the board and the chief financial officer of Cogenic...
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