AM. INV. BANK v. HUTCHINGS


239 A.D.2d 207 (1997)

657 N.Y.S.2d 650

American Investment Bank, N. A., Appellant, v. David M. Hutchings et al., Respondents

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

May 15, 1997


Defendants herein are private individuals who had each invested in one of six limited partnerships created by the Citi-Equity Group (the Group), a conglomerate whose stated business was the ownership and management of low income housing. The defendants had purchased their interests at different times between November 1991 and December 1993 by executing individual promissory notes payable to the appropriate limited partnership. The partnerships sold all of the notes, including...

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