District Court, S.D. New York July 13, 2000, 97 Civ. 8214 (CM)(MDF) (Shams v. Fisher)

MEMORANDUM DECISION AND ORDER GRANTING MOTIONS FOR SUMMARY JUDGMENT

McMAHON, District Judge.

Plaintiffs are 26 individuals who invested money in Bellerose Credit Corporation (“Bellerose”), based on their understanding that their investments were to provide secured financing for car loans extended by Bellerose.