NY Court Cuts Down $100M Fraud Suit Over Tech Co. Buy

Law360, New York (November 22, 2013, 4:01 PM EST) -- A New York state appeals court on Wednesday dismissed three counts in a $100 million fraud suit over the purchase of computer hardware company eSys Technologies Pte Ltd., saying allegations that Bunge Ltd. fraudulently transferred millions of dollars were not sufficiently pled. 

In a unanimous decision, a three-judge panel of the Appellate Division’s Second Judicial Department said that three claims brought by Vikas Goel — who had owned 99.99 percent of eSys Technologies — against Anush Ramachandran, Bunge Ltd. and Bunge SA for money had and...
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