Vilar v. Rutledge

Orders, Supreme Court, New York County (Charles E. Ramos, J.), entered March 14, 2012 and March 20, 2012, which, inter alia, respectively, granted the individual defendants’ motion and defendant Munder Capital Management, Inc.’s (Munder) motion to dismiss the complaint, unanimously affirmed, with costs.

Plaintiffs’ argument that they were entitled to payment when the independent directors/defendants entered into a management agreement with a new investment advisor following the arrests of the individual plaintiffs is unavailing, as plaintiffs had no right to continue managing the Amerindo…