Court of Appeals of New York

In a suit arising out of a transaction in which defendant allegedly fraudulently induced plaintiff to provide financial guaranty for a synthetic collateralized debt obligation, dismissal of the complaint is reversed where at this pleading stage, plaintiff has sufficiently alleged justifiable reliance.

Appellate Information

• Decided 05/07/2015
• Published 05/07/2015

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Court

• Court of Appeals of New York

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