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WEISL v. POLARIS HOLDING CO.

226 A.D.2d 286 (1996)

641 N.Y.S.2d 288

Edwin Weisl, Jr., et al., Appellants, v. Polaris Holding Company et al., Respondents

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

April 25, 1996

We agree with the IAS Court that the prospectuses given to plaintiff at the time of purchase or several days later clearly indicated the speculative nature of the investments and risks involved, and thereby put plaintiffs on "inquiry notice" of their potential claims against defendants for misrepresenting the profitability and safety of the investments (see, Harner v Prudential Sec., 785 F.Supp. 626...

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