Respondents, residents of Connecticut and other States, purchased limited partnership interests from petitioners in May, June and July 1987, based on an offering memorandum dated March 9, 1987. The purpose of the venture was to construct and operate a housing complex in New Hampshire. The project failed and Fleet Bank foreclosed.
In October 1991, respondents commenced an action in Connecticut Superior Court against petitioners and others, seeking to recover their...
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