PERMASTEELISA v. LINCOLNSHIRE MANAGEMENT, INC.


16 A.D.3d 352 (2005)

793 N.Y.S.2d 16

PERMASTEELISA, S.P.A., Appellant, v. LINCOLNSHIRE MANAGEMENT, INC., et al., Respondents, et al., Defendants.

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

March 31, 2005.


In this action arising from plaintiff's purchase of its largest New York competitor in the curtain wall industry, the motion court correctly found that plaintiff could not show the requisite reasonable reliance to support its fraud claim based on a provision in the parties' agreement acknowledging that plaintiff had all of the information necessary to make an informed decision with respect to the transaction. Moreover, despite its evident qualms regarding defendants' failure...

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