Connecticut National Bank v. Giacomi

The trial court found that the plaintiff, Connecticut National Bank, is barred from pursuing these actions against the defendants because it violated the provisions of the Connecticut Uniform Securities Act (CUSA), General Statutes (Rev. to 1993) § 36-470 et. seq.1 More specifically, the trial court found that the plaintiff was barred from bringing actions to collect on *75promissory notes made by the defendants in order to finance their purchases of units in the Great Rings Limited Partnership (Great Rings) because the plaintiff acted as an agent of the seller who perpetrated the fraud. The…