The allegations read: The statement of claim states that the alleged damages are related to two investments by the claimants in the same dpp, one transaction for approximately $303,000 and one for approximately $100,000. The purchase transactions were both made in 2007. Claimants assert the following legal theories: violation of common law fraud, breach of fiduciary duty, negligent failure to supervise, and negligence. Claimants' allegations are without merit, untimely and ineligible for arbitration and will be vigorously defended. claimants were fully apprised of, understood, and approved each transaction.
