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JOHN BLAIR COMMUNICATIONS, INC. v. RELIANCE CAPITAL GROUP

157 A.D.2d 490 (1990)

John Blair Communications, Inc., et al., Appellants, v. Reliance Capital Group, L.P., et al., Defendants, and Touche Ross & Co., Respondent. (And a Third-Party Action.)

Appellate Division of the Supreme Court of the State of New York, First Department.

January 11, 1990

This litigation arises out of defendant Reliance Capital Group's (Reliance) 1987 sale to JHR Acquisition Corp. (JHR) of the assets of the TV Rep and Entertainment Divisions of John Blair & Co. (Old Blair), along with the sale of the rights to the name "John Blair & Co." The plaintiffs herein are the successors in interest to JHR, having paid $115 million for the subject divisions. Plaintiffs contend that due to defendants' fraud, breach of warranty and negligence...

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