Case Study: South Cherry Street V. Hennessee Group
In that decision — South Cherry Street LLC v. Hennessee Group LLC, et al., 07-3658-cv (2d Cir. July 14, 2009) — the court affirmed dismissal of fraud and breach of contract claims based on allegations that an investment adviser fraudulently recommended investment in a hedge fund later discovered to be a Ponzi scheme.
The decision is significant for...
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