IDT Corp. v. Morgan Stanley Dean Witter & Co.

Order, Supreme Court, New York County (James A. Yates, J.), *687entered July 2, 2010, which granted defendants’ motion to dismiss the first and second causes of action, unanimously affirmed, without costs.

Plaintiff did not state in sufficient detail its claim that in reasonable reliance on defendants’ allegedly misleading “reassurances” it altered its conduct to its detriment (see CPLR 3016 [b]). Plaintiff failed to specify the action it refrained from taking as a result of its reliance on defendants’ assurances.

Plaintiffs claim of damages arising from defendants’ allegedly misleading…