Plaintiffs’ Claims That Partner Concealed the True Value of a Hotel Were Dismissed Based on Plaintiffs’ Prior Execution of a ReleaseSophisticated Parties Represented by Counsel Bound by the Terms of the Release
The defendant real estate developers had moved for summary judgment dismissing the complaint. The plaintiffs were individuals and entities "controlled, affiliated or associated with non-party ['A'], who is a non-practicing attorney and the cofounder and Chairman of…, a financial consulting firm that provides clients with valuation services in various contexts, including the sale of a business." "A" and his consulting firm had been "involved in various real estate developments in New Jersey and New York."
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