HAMRICK v. GURALNICK

2795, 650802/14.

146 A.D.3d 606 (2017)

2017 NY Slip Op 00400

44 N.Y.S.3d 749

MOLLY HAMRICK et al., Appellants, v. SCHAIN LEIFER GURALNICK, Defendant, and MATTHEW BARNES et al., Respondents.

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

Decided January 19, 2017.


The fraudulent inducement, negligent misrepresentation, and breach of fiduciary duty claims are time-barred. These claims accrued upon plaintiffs' making their investments (Prichard v 164 Ludlow Corp., 49 A.D.3d 408 [1st Dept 2008]). Plaintiffs were placed on inquiry notice of the alleged fraud, negligent misrepresentation, and breach of fiduciary duty when they received the private placement memorandum, which expressly contradicted...

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