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IDT CORPORATION v. MORGAN STANLEY DEAN WITTER & CO.

5196, 603710/04.

84 A.D.3d 686 (2011)

923 N.Y.S.2d 840

IDT CORPORATION, Appellant, v. MORGAN STANLEY DEAN WITTER & CO., Respondents.

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

Decided May 31, 2011.

Plaintiff did not state in sufficient detail its claim that in reasonable reliance on defendants' allegedly misleading "reassurances" it altered its conduct to its detriment (see CPLR 3016 [b]). Plaintiff failed to specify the action it refrained from taking as a result of its reliance on defendants' assurances.

Plaintiff's claim of damages arising from defendants' allegedly misleading reassurances is too attenuated, since it was not the false assurances that...

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