This lawsuit was brought by a group of limited partners who lost their entire investment in a defunct limited real estate partnership. This venture, memorialized in a limited partnership agreement executed December 11, 1985, was organized to develop a resort or "dude ranch" located in Downsville, Delaware County, New York. Despite a bankruptcy proceeding, which was concluded in March 1995, and several years of litigation, the record in this matter is remarkably uninformative...
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