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PRICHARD v. 164 LUDLOW CORP.

49 A.D.3d 408 (2008)

854 N.Y.S.2d 53

ROBERT PRICHARD et al., Appellants, v. 164 LUDLOW CORP. et al., Defendants, and ALEXANDRA WOLCOTT, Also Known as SANDRA WOLCOTT, et al., Respondents.

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

Decided March 18, 2008.

The cause of action for fraudulent inducement with respect to plaintiffs' initial investment in defendant 164 Ludlow Corp. was properly dismissed as barred by the statute of limitations (CPLR 213 [8]; see Siler v Lutheran Social Servs. of Metro. N.Y., 10 A.D.3d 646, 648 [2004]). Plaintiffs entered into the contract to purchase shares in the corporation, i.e., they completed the act that the alleged fraudulent statements had induced...

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