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THE RGH LIQUIDATING TRUST v. DELOITTE & TOUCHE LLP

47 A.D.3d 516 (2008)

851 N.Y.S.2d 31

THE RGH LIQUIDATING TRUST, on Behalf of RELIANCE GROUP HOLDINGS, INC., and Another, Appellant, v. DELOITTE & TOUCHE LLP et al., Respondents.

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

Decided January 24, 2008.

The fourth cause of action for fraudulent conveyance was properly dismissed for failure to plead lack of fair consideration (see Debtor and Creditor Law §§ 272, 273). While the complaint alleges deficiencies in the accounting and actuarial work performed by defendants before RGH and RFS filed for bankruptcy, it does not allege that defendants failed to provide the services for which they were paid.

The causes of action asserted on behalf of RGH and...

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