Ruling that on motion to dismiss under CPLR 3211, "court may freely consider affidavits submitted by the plaintiff to remedy any defects in the complaint"
Holding that shareholders that had released unknown fraud claims arising out of the shareholders' ownership interest in a company could not base a rescission claim on allegations that defendants had induced the release by concealing the true value of that interest
115 A.D.3d 128 (N.Y. App. Div. 2014) Cited 358 times
Finding certain "disclaimers and disclosures" insufficient to "preclude, as a matter of law, plaintiff's claim of justifiable reliance on [the defendant's] misrepresentations and omissions"
Holding that the decisions by "sophisticated, counseled parties dealing at arm's length" in a "multimillion dollar transaction" to not contract for such rights must be given effect
Affirming dismissal of plaintiff's unjust enrichment and conversion causes of action where a contract governing the subject matter existed and where there was no interference with plaintiff's property rights
Suggesting that a Plaintiff "will often be justified" in accepting a written representation that certain facts are true rather than making its own inquiry