Loreley Financing (Jersey) No. 4 Ltd. v. UBS Ltd.

Judgment, Supreme Court, New York County (Shirley Werner Kornreich, J.), entered May 30, 2013, dismissing the complaint with prejudice as against defendants UBS Limited, UBS Securities LLC, and UBS AG (collectively UBS) and Declaration Management & Research LLC (Declaration), unanimously modified, on the law, to reinstate the fraud claim, and otherwise affirmed, without costs. Appeal from orders, same court and Justice, entered April 8, 2013, which granted the motions of UBS and Declaration to dismiss the complaint pursuant to CPLR 3211 (a) (7), unanimously dismissed, without costs, as…