Centro Empresarial Cempresa S.A. v. América Móvil, S.A.B. de C.V.
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
OPINION OF THE COURT
Friedman, J.E
Plaintiffs allege that they were induced to sell out their indirect minority interest in an Ecuadorian mobile telephone company by misrepresentations made to them by defendants (the owner of the majority interest and its affiliates) concerning the value of the underlying enterprise. We hold that plaintiffs’ various causes of action for fraud and breach of contract are barred by the general release they granted defendants in connection with the sale of their interest, which release covered any and all claims, “whether past, present or future, actual or…
2Cases cited42 opinions
- Leon v. MartinezNew York Court of Appeals · 1994
- Mangini v. McClurgNew York Court of Appeals · 1969
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- Zumpano v. QuinnNew York Court of Appeals · 2006
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