American Investment Bank, N. A. v. Hutchings

Order of the Supreme Court, New York County (Ira Gammerman, J.), entered December 19, 1995, which denied plaintiffs motion for summary judgment, is unanimously affirmed, without costs or disbursements.

Defendants herein are private individuals who had each invested in one of six limited partnerships created by the CitiEquity Group (the Group), a conglomerate whose stated business was the ownership and management of low income housing. The defendants had purchased their interests at different times between November 1991 and December 1993 by executing individual promissory notes payable to the…