Investors Duck Fraud Claims In $100M Pa. Real Estate Row

Law360, New York (May 31, 2012, 7:36 PM EDT) -- A New York state judge on Tuesday trimmed fraud and misrepresentation claims from a $100 million suit accusing two real estate investors of wrongfully voiding an agreement with a former partner in order to land a better deal on 33 Pennsylvania properties.

New York Supreme Court Justice Eileen Bransten tossed Philips International Investments’ fraud claims against investors Louis and Lisa Pektor, saying Philips hadn’t backed up its allegations that the Pektors conspired to get it to terminate their joint venture agreement. Philips also hadn’t shown that...
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