(Download) "Universal Constructors Inc. v. Fielder" by New Mexico Court of Appeals ~ Book PDF Kindle ePub Free
eBook details
- Title: Universal Constructors Inc. v. Fielder
- Author : New Mexico Court of Appeals
- Release Date : January 17, 1994
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 61 KB
Description
BLACK, Judge. Plaintiffs Universal Constructors, Andrew Morrow, and James Harding ("Plaintiffs") filed a complaint alleging a violation
of the New Mexico Securities Act, NMSA 1978, Sections 58-13-1 through 58-13-46 (Repl. Pamp. 1984) (the "Securities Act"),
and seeking rescission and a refund on their purchases of limited partnership shares in Park Development II ("Park II"). Defendants
Park II and Thomas Fielder ("Fielder") claimed an exemption under the Securities Act and filed a third-party complaint against
the other general partner in Park II, James Stretz ("Stretz"). The district court granted an oral motion to dismiss the third-party
complaint against Stretz, entered an order dismissing the third-party complaint, and ultimately entered judgment granting
rescission to Plaintiffs. Defendants Fielder and Park II appeal. We affirm the rescission and reverse the dismissal of the
third-party complaint.
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