Weisl v. Polaris Holding Co.

Order, Supreme Court, New York County (Herman Cahn, J.), entered July 25, 1994, which granted defendants’ motion to dismiss certain *287causes of actions in the complaint and the amended complaint, unanimously affirmed, without costs.

We agree with the IAS Court that the prospectuses given to plaintiff at the time of purchase or several days later clearly indicated the speculative nature of the investments and risks involved, and thereby put plaintiffs on "inquiry notice” of their potential claims against defendants for misrepresenting the profitability and safety of the investments (see, Harner v…