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GABRIEL CAPITAL, L.P. v. CAIB INVESTMENTBANK AKTIENGESELLSCHAFT

28 A.D.3d 376 (2006)

814 N.Y.S.2d 66

GABRIEL CAPITAL, L.P. et al., Respondents, v. CAIB INVESTMENTBANK AKTIENGESELLSCHAFT, Appellant, et al., Defendant.

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

April 25, 2006.

Plaintiff Gabriel Capital, an investment firm with its principal place of business in New York, manages the investments of plaintiff Ariel Fund, which is organized and has its principal place of business in the Cayman Islands. Defendants are an Austrian investment banking firm, CAIB, and its subsidiary, CIS Emerging Growth (CISEG). This action, seeking damages for fraud, negligent misrepresentation, promissory estoppel and unjust...

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