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Huffington V. Tc Group, Llc, 637 F. 3d 18

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Case: - Huffington v. TC GROUP, LLC, 637 F. 3d 18 - Court of Appeals, 1st Circuit 2011 This case takes place in the Supreme Court of Delaware. It is a civil case that has been appealed by the plaintiff following a trial court decision. The Supreme Court agreed with the entire of trial’s court decision but denied part of the Defendants’ application. The case was decided in April 18, 2012. Issue: Should the Court rule as time-barred the Plaintiff’s claims which he makes under the Massachusetts ‘Blue Sky’ securities fraud statute and as lacking as a matter of law the Plaintiff’s claim on the Defendants’ unfair trade practices? Facts: the Plaintiff, Micheal Huffington, is a former Congressman and a good investment experience. He describes himself as a conservative investor. On July 4, 2006, he learned of Carlyle and was introduced to its “founder, principal, and managing agent,” David Rubenstein with whom he discussed Carlyles’ investments. The latter described Carlyle as a firm that invests in “private-equity.” Being as a conservative investor, Huffington initially expressed his reservations about investing in private equity-based funds.” Rubenstein assured him that he would look for low risk investment products that would fit in with Huffington’s conservative philosophy. On October 20, 2006, in another meeting between the two, Rubenstein returned with the news that Carlyle had “conservative investment strategy” with low risk investment. He went on to present

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