Legal Opinion
DDJ Management, LLC v. Rhone Group LLC
New York Court of Appeals
Decided June 24, 2010PublishedCited by 103 opinions
1Opinion of the Court
OPINION OF THE COURT
Smith, J.
We hold that plaintiffs in this action for fraud have alleged facts from which a jury could find that they were justified in relying on the representations defendants made to them.
I
Plaintiffs are four companies that loaned a total of $40 million in March of 2005 to American Remanufacturers Holdings, Inc. and affiliated companies (ARI). ARI was a remanufacturer of automobile parts; it purchased used parts, broke them down into their components, and used the components to make new parts. ARI’s stock was owned 45% by entities affiliated with Rhone Group L.L.C., and…
2Cases cited13 opinions
- Danann Realty Corp. v. HarrisNew York Court of Appeals · 1959
- Emergent Capital Investment Management, LLC v. Stonepath Group, Inc., Previously Known as Net Value Holdings, Inc., Andrew Panzo and Lee HansenCourt of Appeals for the Second Circuit · 2003
- Merrill Lynch & Co. Inc. v. Allegheny Energy, Inc.Court of Appeals for the Second Circuit · 2007
- 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
- Global Minerals & Metals Corp. v. HolmeAppellate Division of the Supreme Court of the State of New York · 2006
8 more not listed; retrieve them via the Exa API.
3Cited by103 opinions
- Centro Empresarial Cempresa S.A. v. América Móvil, S.A.B. de C.V.New York Court of Appeals · 2011
- ACA Financial Guaranty Corp. v. Goldman, Sachs & Co.New York Court of Appeals · 2015
- HSH Nordbank AG v. UBS AGAppellate Division of the Supreme Court of the State of New York · 2012
- Ambac Assur. Corp. v. Countrywide Home Loans, Inc.New York Court of Appeals · 2018
- Ward v. TheLadders.com, Inc.District Court, S.D. New York · 2014
98 more not listed; retrieve them via the Exa API.