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CENTRO v. AMÉRICA MÓVIL

No. 93

17 N.Y.3d 269 (2011)

952 N.E.2d 995

929 N.Y.S.2d 3

2011 NY Slip Op 4720

CENTRO EMPRESARIAL CEMPRESA S.A. et al., Appellants, v. AMÉRICA MÓVIL, S.A.B. DE C.V., et al., Respondents.

Court of Appeals of New York.

Decided June 7, 2011.

Attorney(s) appearing for the Case

Fox Horan & Camerini LLP, New York City ( Kathleen M. Kundar , JooYun Kim and Jennifer A. Fischer of counsel), for appellants.

Mayer Brown LLP ( Donald M. Falk of the California bar, admitted pro hac vice, of counsel), Mayer Brown LLP, New York City ( Philip Allen Lacovara and Scott A. Chesin of counsel), Mayer Brown LLP, Houston, Texas ( Steven R. Selsberg of counsel), and Mayer Brown LLP, Chicago, Illinois ( Timothy S. Bishop and Joshua D. Yount of counsel), for respondents.

Chief Judge LIPPMAN and Judges GRAFFEO, READ, SMITH, PIGOTT and JONES concur.

OPINION OF THE COURT

CIPARICK, J.

Plaintiffs claim they were fraudulently induced to sell their ownership interests in a company they co-owned with one of the defendants, and to release defendants from claims arising out of that ownership. We affirm the Appellate Division's determination that this action is barred by the release.

Plaintiffs Centro Empresarial Cempresa S.A. (Centro) and Conecel Holding...

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