Court of Appeals of New York

In an enforcement action by the state claiming that Defendant life settlement providers concealed commissions to brokers, who persuaded their clients to accept Defendants' offers, the denial of Defendants' motion to dismiss or compel arbitration is affirmed where: 1) the state was not bound by arbitration agreements signed by Defendants' clients; and 2) the complaint stated a claim that Defendants knew that the life settlement brokers' conduct constituted a breach of fiduciary duty.

Appellate Information

• Decided 06/30/2009
• Published 06/30/2009

Judges

Court

• Court of Appeals of New York

Counsel