Fierer v. Ashe

McMurray, Judge.

Plaintiffs Ashe and Fitzsimmonds each brought separate actions in the Civil Court of Fulton County to void their purchase of limited partnership interest from defendants Cambridge Capitol Corporation and Lawson. The respective purchase dates were October 9, 1973, and October 2, 1973, therefore the applicable "blue sky” law is the Georgia Securities Act of 1957 (Ga. L. 1957, p. 134 et seq., as amended; formerly Code Ann. Ch. 97-1) (hereafter the Act). The Georgia Securities Act of 1973 did not become effective until April 1, 1974 (Ga. L. 1973, pp. 1202, 1260). The limited…