District Court, D. New Jersey August 21, 1990, Civ. A. 89-3389 (Insurance Consultants of America, Inc., Employee Pension Plan v. Southeastern Insurance Group)

OPINION

LECHNER, District Judge.

The plaintiffs in this action are a group of investors who invested and lost substantial sums of money in the private offering (the “Private Offering”) of securities in a high-risk business venture called the Southeastern Insurance Group, Inc. (“SIG”).