ART CAPITAL GROUP, LLC v. CARLYLE INV. MGT. LLC

4333. 160445/15.

151 A.D.3d 604 (2017)

2017 NY Slip Op 05055

55 N.Y.S.3d 54

ART CAPITAL GROUP, LLC, Appellant, v. CARLYLE INVESTMENT MANAGEMENT LLC, Respondent.

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

Decided June 20, 2017.


Plaintiff does not adequately plead a claim for breach of a confidentiality agreement. Plaintiff makes vague and conclusory statements that defendant must have used the confidential information it provided regarding the secured art loan business because defendant's principal did not know much about the business prior to speaking with plaintiff and, within the two-year period, defendant set up a competitor. Such allegations are insufficient because plaintiff does not identify...

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