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LORELEY FIN. (JERSEY) NO. 3 LTD. v. CITIGROUP GLOBAL MKTS. INC.

650212/12, 11886.

2014 NY Slip Op 03358

LORELEY FINANCING (JERSEY) NO. 3 LTD., ET AL., Plaintiffs-Respondents-Appellants, v. CITIGROUP GLOBAL MARKETS INC., ET AL., Defendants-Appellants-Respondents, LACERTA ABS CDO 2006-1, LTD., ET AL., Defendants.

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

Decided May 8, 2014.

Attorney(s) appearing for the Case

Paul, Weiss, Rifkind, Wharton & Garrison LLP, New York ( Susanna M. Buergel , Brad S. Karp , Donna Lee and Jane B. O'Brien of counsel), for appellants-respondents.

Kasowitz, Benson, Torres & Friedman LLP, New York ( Marc E. Kasowitz and Sheron Korpus of counsel), Meister Seelig & Fein LLP, New York ( James M. Ringer of counsel), and Carter Ledyard & Milburn LLP, New York ( Stephen M. Plotnick of counsel), for respondents-appellants.

Before: Mazzarelli, J.P., Sweeny, Renwick, Freedman, Gische, JJ.

Cross appeals from the order of the Supreme Court, New York County (Jeffrey K. Oing, J.), entered December 6, 2012, which, insofar as appealed from as limited by the briefs, denied the motion of defendants Citigroup Global Markets Inc. (CGMI), Citibank, N.A., and Citigroup Global Markets Limited (CGML) (defendants) to dismiss the unjust enrichment claim as against them and the fraud claims as against CGMI and CGML, and granted their motion to dismiss the rescission claim...

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