The IAS Court correctly dismissed plaintiffs' action under the applicable California and Nevada three-year Statutes of Limitation (CPLR 202, 213 [8]; Cal Civ Proc Code § 338 [d]; Nev Rev Stat Annot § 11.190 [3] [d]). With the exception of William Ballhaus, plaintiffs were former officers, directors or majority shareholders in Geothermal Resources International, Inc. ("GEO"). The purported oral representations upon which plaintiffs claim that they were fraudulently...
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