Zelikofsky v. Prewett

The uncontested facts contained in the moving and opposing papers are as follows: Defendant Daniel L. Prewett was, during the pertinent period, a general partner in defendant *419Empire Management Company X (Empire Management). At the same time, Prewett was also individually conducting business under the firm name of defendant Empire Venture Capital IX, Ltd. (E.V.C. IX). Prewett induced plaintiffs to participate in Empire Management’s development of commercial real property in the City of Albany by investing $15,000 in the partnership. Pursuant to that arrangement, on January 14, 1983, plaintiffs…