Five at-will investment-managers who were fired by The Dreyfus Corp. may pursue a fraudulent-inducement claim against the mutual fund giant, a New York appellate panel has ruled. By a 4-1 margin, the panel agreed that the plaintiffs' allegation that their managers purposefully misled them about an upcoming merger constituted a prima facie claim of fraudulent inducement, notwithstanding their status as at-will employees.
March 13, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Five at-will investment-managers who were fired by The Dreyfus Corp. may pursue a fraudulent-inducement claim against the mutual fund giant, a New York Appellate Division, 1st Department, panel has ruled.
The panel reversed in part a decision by Manhattan Supreme Court Justice Richard B. Lowe and reinstated the employees’ claim.
Presented by BigVoodoo
Join the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!
Law firms & in-house legal departments with a presence in the middle east celebrate outstanding achievement within the profession.
The premier educational and networking event for employee benefits brokers and agents.
Atlanta s John Marshall Law School is seeking to hire one or more full-time, visiting Legal WritingInstructors to teach Legal Research, Anal...
Lower Manhattan firm seeks a premises liability litigator (i.e., depositions, SJ motions, and/or trials) with at least 3-6 years of experien...
Join the Mendocino County District Attorney s Office and work in Mendocino County home to redwoods, vineyards and picturesque coastline. ...
MELICK & PORTER, LLP PROMOTES CONNECTICUT PARTNERS HOLLY ROGERS, STEVEN BANKS, and ALEXANDER AHRENS
