Indosuez v. Barclays Bank PLC
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
— Order, Supreme Court, New York County (Myriam J. Altman, J.), entered August 1, 1991, which granted in part and denied in part defendant’s motion for summary judgment, unanimously modified, on the law, to the extent of dismissing plaintiffs claim for punitive damages, and otherwise affirmed, without costs.
Plaintiff alleges that defendant induced it through fraudulent and negligent misrepresentations to extend a loan to nonparty Cuyahoga Wrecking Corporation. We agree with the IAS court that plaintiff has a cause of action for fraud based on the letter of reference, dated July 15, 1989,…
2Cases cited6 opinions
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- Sheridan Drive-In, Inc. v. StateAppellate Division of the Supreme Court of the State of New York · 1962
- Matthews v. SchusheimAppellate Division of the Supreme Court of the State of New York · 1973
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- China Trust Bank of NY v. Standard Chartered BankDistrict Court, S.D. New York · 1997
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