Legal Opinion
Melcher v. Apollo Medical Fund Management L.L.C.
Appellate Division of the Supreme Court of the State of New York
Decided January 29, 2013Published
1Opinion of the Court
OPINION OF THE COURT
Richter, J.
In 1995, defendant Brandon Fradd formed Apollo Medical Partners (Apollo Partners), a hedge fund that invests in companies in the biotechnology and medical device industries. Fradd also formed defendant Apollo Medical Fund Management L.L.C. (Apollo Management) to manage the investor money on behalf of the hedge fund. Although Apollo Partners was profitable at first, in late 1997, it suffered significant losses and withdrawal of investors. As a result, Fradd decided it would be beneficial to partner with someone who had expertise in technical analysis of the stock…
2Cases cited23 opinions
- Cohen v. Hallmark Cards, Inc.New York Court of Appeals · 1978
- Clark-Fitzpatrick, Inc. v. Long Island Rail RoadNew York Court of Appeals · 1987
- Feigen v. Advance Capital Management Corp.Appellate Division of the Supreme Court of the State of New York · 1989
- Sage Realty Corp. v. Proskauer Rose L. L. P.Appellate Division of the Supreme Court of the State of New York · 2000
- Bellino Schwartz Padob Advertising, Inc. v. Solaris Marketing Group, Inc.Appellate Division of the Supreme Court of the State of New York · 1995
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