Keith E. and Marilyn B. West - Page 11




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          employees by Benson’s profit-sharing trust, of which Keith was a            
          trustee, was a fund sponsored by Connecticut General.                       
               Sometime during 1982, Keith met with Mejia to review his               
          income and retirement goals.  During this meeting, Mejia                    
          recommended investing in Hamilton Recycling Associates                      
          (Hamilton).  Keith contends that he was impressed by Hamilton               
          because Hamilton offered solutions to the United States’ energy             
          shortage and waste disposal problems.  Keith also noted that                
          Benson received and used products for packaging similar to the              
          so-called peanuts produced by the recyclers.  Keith further                 
          asserts that Mejia represented that Hamilton was a Cigna-                   
          researched investment.  Keith did not review any Cigna materials            
          promoting Hamilton, nor did he make any independent inquiries as            
          to whether Hamilton was a Cigna-researched investment.                      
               Keith contends that Mejia told him that he had traveled to             
          New York and met with Hamilton’s accountants.  Keith also                   
          contends that Mejia told him that he had traveled to a site where           
          a recycler was being used and had brought back some of the                  
          peanuts the machine produced.  Mejia did not testify at the                 
          trial.                                                                      
               Keith received a copy of Hamilton’s offering memorandum and            
          spent 3 or 4 hours reviewing it.  In reviewing the memorandum,              
          Keith noted and relied upon Ulanoff’s marketing report and                  
          Burstein’s technical opinion, even though he was aware that the             






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