Gemini Investors III, L.P. v. Nunez

On motion for rehearing

RAMIREZ, J.

We deny the appellees’ motion for rehearing, but substitute the following opinion for our previous opinion.

Gemini Investors III, L.P. and Ticonderoga SBIC, L.P. (“plaintiffs”) appeal from an order dismissing their complaint against ABC Distributing, LLC, Michael Nunez, Victoria Ranger, David James Holt, and Luis Peleja. We reverse because the fifth amended complaint sufficiently pled claims for fraudulent misrepresentation and securities act violations.

Plaintiffs sued ABC Distributing, Nunez, Ranger, Holt and Peleja (collectively, “defendants”) for damages…