STERLING NATIONAL BANK v. ERNST & YOUNG LLP


62 A.D.3d 584 (2009)

STERLING NATIONAL BANK, Respondent-Appellant, v. ERNST & YOUNG LLP, et al., Appellants-Respondents.

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

Decided May 26, 2009.


Plaintiff submitted evidence sufficient to raise issues of fact as to whether defendants' allegedly fraudulent misrepresentations induced plaintiff to extend and renew a $6 million credit facility to nonparty Allied Deals, Inc., of which nine separate loans advanced pursuant to the facility have not been repaid, and whether the misrepresentations directly caused plaintiff's loss (see Laub v Faessel, 297 A.D.2d 28, 31 [2002]). As...

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