Longo v. Butler Equities II, L.P.
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
Order, Supreme Court, New York County (Ira Gammerman, J.), entered January 7, 1999, which, in an action against a limited partnership and its principals for fraud, breach of fiduciary duty, accounting and related claims arising out of plaintiff’s losses in his investment in the partnership, granted defendants’ motion to dismiss the complaint, and denied plaintiff’s cross motion to amend the complaint, unanimously affirmed, without costs.
Plaintiffs allegations of fraud are deficient first because the alleged misrepresentations that the target company was seriously undervalued and could be…
2Cases cited4 opinions
- Kramer v. Western Pacific Industries, Inc.Supreme Court of Delaware · 1988
- Litman v. Prudential-Bache Properties, Inc.Court of Chancery of Delaware · 1992
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- Broome v. ML Media Opportunity Partners L.P.Appellate Division of the Supreme Court of the State of New York · 2000
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- Cavalry Construction, Inc. v. WDF, Inc.District Court, S.D. New York · 2010
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