SUTTONGATE HOLDINGS LIMITED v. LACONM MANAGEMENT N.V.

6152 652393/15.

160 A.D.3d 464 (2018)

75 N.Y.S.3d 145

2018 NY Slip Op 02424

Suttongate Holdings Limited, Plaintiff/Counterclaim Defendant, v. Laconm Management N.V. et al., Defendants. Laconm Management N.V. et al., Counterclaim Plaintiffs-Respondents; Arie E. David, Counterclaim Defendant-Appellant.

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

Decided April 10, 2018.


Defendants allege that David, their lawyer, abused their attorney-client relationship and committed fraud against them in connection with a joint venture. Conceding that they did not carefully review the legal documents that David prepared for the joint venture, defendants contend that they justifiably relied on David's representations and assurances to them. Defendants allege that the documents did not reflect the joint venture but required them to repay an $8 million "loan...

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