Search Results
522 results found for "loss-causation"
- Tolling and The Continuing Wrong Doctrine
Dept. 2019), where the Court held that the doctrine did not toll the plaintiffs’ claim because “ he loss nonperforming and underperforming loans that are held by a particular CMBS trust so as to mitigate the losses
- General Release That Was Entered Because of Defendant’s Fraudulent Misrepresentations Held Not To Be Enforceable
and forever discharges the other Party ... of and from any and all actions, causes or action, suits, losses
- Fraud Notes: Alleging a Misrepresentation and Duplicative Damages
the fraud claim.”[5] In New York, a plaintiff alleging fraud can recover only the actual pecuniary loss misrepresentation or omission, i.e., the plaintiff’s out-of-pocket damages.[6] The rule prohibits the recovery of lost profits or lost business or investment opportunities,[7] as well as pain and suffering damages that DiPaola, 209 A.D.3d 427, 428 (1st Dept. 2022) (unspecified reputational damages and lost revenue or profits damages recoverable under the out-of-pocket rule are intended to compensate plaintiffs for what they lost
- When Fraud Is Not Redundant: The Intersection of Merger Clauses and Duplicative Claims Doctrine
the remedy available to plaintiff for fraudulent inducement under the ‘out-of-pocket rule’ [was] not lost profits but rather ‘the actual pecuniary loss sustained as the direct result of the wrong.’”[15] Takeaway represents, therefore, a more permissive application of the doctrine by making a distinction between lost
- Choice of Law: Always a Thorny Issue
jurisdiction are they located; and, (2) whether the purpose of the law is to regulate conduct or allocate loss When the jurisdictions’ conflicting rules relate to allocating losses that result from tortious conduct , or immunities from suit, considerations of the State’s admonitory interest and party reliance are less Wimbledon Fund, SPC, alleged that it was the victim of a fraudulent scheme that caused its investors to lose jurisdiction are they located; and, (2) whether the purpose of the law is to regulate conduct or allocate loss
- Sometimes One Bite at the Apple is All You Get
One can accept the loss and move on. An appeal can also be pursued.
- Fraud and The Theater Food Concession
to theatergoers using the name of Foxface without plaintiff’s permission, resulting in an additional loss
- Court of Appeals Holds that the Saving Provision of CPLR 205(a) Only Applies Where the Second Action is Brought by the Same Plaintiff or an Estate Representative of the Original Plaintiff as the Fi...
Due to extensive losses caused by underlying loans defaults, two certificate holders commissioned a forensic holders' action was timely commenced and based on the same transaction, and that it had been dismissed less
- Court Denies Motion to Dismiss Contractual Indemnification and Contribution Claims But Grants Motion With Regard to Equitable Indemnification Claim
allows a non-culpable party who has been compelled to make a payment to shift the entire burden of loss to the liable party and obtain from that party full reimbursement for its loss. “ n contribution, the tort-feasors responsible for plaintiffs loss share liability for it …. heir common liability to plaintiff is apportioned and each tort-feasor pays his ratable part of the loss.” Under New York law, a valid and enforceable contract generally precludes recovery in quasi contract for losses
- First Department Sustains Undue Influence and Unjust Enrichment Claims in Financial Exploitation Case
University, titled “Broken Trust: Elders, Family & Finances,” estimates that about one million seniors lose Other, more recent studies estimate the losses to exceed $36 billion a year, 12 times the MetLife estimate
- Enforcement News: The Dark Web, Affinity Fraud, Ponzi-Like Schemes, False and Misleading Statements and The SEC’s Crackdown on Alleged Fraudsters
Cassatt”) and CV Special Opportunity Fund LP (“CV Special”), which Heckler formed to conceal massive losses Heckler took over $1 million for his personal use, and Cassatt and CV Special suffered significant losses Heckler also allegedly concealed these losses from investors by providing them with false account statements
- Enforcement News: SEC Charges Broker with Scheme to Defraud Mostly Elderly Retail Brokerage Customers and Investment Advisory Clients
When impairment occurs because of aging, seniors lose or experience a decline in important skills, such When a senior loses these skills, it can be more difficult to manage money and make financial decisions University, titled “Broken Trust: Elders, Family & Finances,” estimates that about one million seniors lose Other, more recent studies estimate the losses to exceed $36 billion a year, 12 times the MetLife estimate the annuity in high risk and unsuitable mutual funds, leaving the purchaser exposed to stock market losses

