Island Intellectual Property LLC v. Reich & Tang Deposit Solutions, LLC

OPINION OF THE COURT

Shirley Werner Kornreich, J.

Motion sequence Nos. 001, 002, and 003 are consolidated for disposition.

Defendants Reich & Tang Deposit Solutions, LLC (RTDS), Reich & Tang Asset Management, LLC (RTAM) (collectively, Reich & Tang) and Michael Lydon move, pursuant to CPLR 3211, and as limited by the parties’ briefs and stipulations, to dismiss the fraud claim pleaded in the complaint. (Sequence No. 001.11 Plaintiffs Island Intellectual Property LLC and Double Rock Corporation oppose the motion to dismiss and *197cross-move, pursuant to CPLR 3211 (c), for partial summary judgment on…