Black v. Arizala

This is an action for damages alleging securities law violations and related torts. The principal issue on review is whether the trial court erred in dismissing the action on the ground that the parties’ limited partnership agreement required plaintiffs to file their claims in San Juan, Puerto Rico. The Court of Appeals reversed. For the reasons set out below, we affirm the decision of the Court of Appeals.

The trial court consolidated two actions by two groups of plaintiffs against two overlapping groups of defendants. On review, the only claims before the court are those of three parties to…