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SOCIETE NATIONALE D'EXPLOITATION INDUSTRIELLE DES TABACS ET ALLUMETTES v. SALOMON BROS. INT'L LTD.

251 A.D.2d 137 (1998)

674 N.Y.S.2d 648

Societe Nationale D'Exploitation Industrielle Des Tabacs Et Allumettes, Appellant, v. Salomon Brothers International Limited, Respondent, et al., Defendants

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

June 16, 1998

While we do not subscribe to the articulation of New York law in Proctor & Gamble Co. v Bankers Trust Co. (925 F.Supp. 1270, 1289), inasmuch as a confidential relationship may indeed arise between the parties to a business relationship (see, Kimmell v Schaefer, 89 N.Y.2d 257, 263-264; Wiener v Lazard Freres & Co.,

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