Ust Private Equity Investors Fund, Inc. v. Barney
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
—Judgment, Supreme Court, New York County (Charles Ramos, J.), entered August 10, 2000, which, upon a prior order, same court and Justice, entered on or about August 3, 2000, granting defendants’ motion pursuant to CPLR 3211 (a) (1) and (7) and 3016 (b), dismissed the complaint, unanimously affirmed, with costs.
Plaintiffs are sophisticated investors that purchased preferred stock of AbTox, Inc. (AbTox) in a private placement that closed in March 1997. Plaintiffs allege that, prior to the closing, they conducted their own due diligence examination of AbTox, in which they received information…
2Cases cited6 opinions
- Schlaifer Nance & Company v. The Estate of Andy Warhol, Frederick Hughes, Edward W. Hayes, Esq., and Vincent FremontCourt of Appeals for the Second Circuit · 1997
- Stuart Silver Associates, Inc. v. Baco Development Corp.Appellate Division of the Supreme Court of the State of New York · 1997
- Abrahami v. UPC Construction Co.Appellate Division of the Supreme Court of the State of New York · 1996
- Congress Financial Corp. v. John Morrell & Co.District Court, S.D. New York · 1992
- Curran, Cooney, Penney, Inc. v. Young & Koomans, Inc.Appellate Division of the Supreme Court of the State of New York · 1992
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- Woori Bank v. RBS Securities, Inc.District Court, S.D. New York · 2012
- Ventur Group, LLC v. FinnertyAppellate Division of the Supreme Court of the State of New York · 2009
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