Societe Nationals d'Exploitation Industrielle des Tabacslumettes v. Salomon Bros. International Ltd.
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
—Order, Supreme Court, New York County (Charles Ramos, J.), entered January 14, 1997, which, inter alia, granted defendant Salomon Brothers International Limited’s motion to dismiss the cause of action for fraud with respect to plaintiffs claim of oral misrepresentations, unanimously affirmed, with costs.
We affirm solely for the reason that the alleged oral representations that plaintiffs risk would be small and that defendants would get plaintiff out of the derivative swaps deals if its principal investment appeared to be at risk were meaningfully contradicted by the letter confirmation…
2Cases cited1 opinion
- Bango v. NaughtonAppellate Division of the Supreme Court of the State of New York · 1992
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