Orix Credit Alliance, Inc. v. R.E. Hable Co.
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
—Order, Supreme Court, New York County (Charles Ramos, J.), entered January 6, 1998, denying counterclaim defendant’s motion to dismiss the second cause of action (alleging fraud) in the amended answer and counterclaims, unanimously reversed, on the law, with costs, the motion granted, and the second counterclaim cause of action dismissed.
Plaintiff and counterclaim defendant Orix Credit Alliance, Inc. (Orix) is a large commercial lender that made multimillion-dollar loans to numerous corporate borrowers, including defendants and counterclaim plaintiffs (defendants), from the late 1980s…
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