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IDT CORP. v. MORGAN STANLEY DEAN WITTER & CO.

3382, 603710/04.

148 A.D.3d 484 (2017)

2017 NY Slip Op 01814

50 N.Y.S.3d 322

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

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

Decided March 15, 2017.

This is a dispute between IDT Corporation and its former investment banker, Morgan Stanley Dean Witter & Co. and Morgan Stanley & Co., Inc. (together Morgan Stanley), in which IDT claims that Morgan Stanley induced another of its clients, Telefónica Internacional, S.A. (Telefónica) to breach a contract with IDT. Plaintiff's remaining causes of action for fraudulent misrepresentation and fraudulent concealment allege that in response to a subpoena issued...

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