New York Justice Dismisses Board Of Managers’ Fraud- In-The-Inducement Claims

(October 26, 2015, 9:59 AM EDT) -- NEW YORK — A New York justice on Oct. 15 dismissed a condominium association’s allegations that representations in a building’s offering plan about the quality of the construction of the units constituted fraud in the inducement, finding that the Board of Managers of 141 Fifth Avenue Condominium was unable to show that it relied on the statements (Board of Managers of 141 Fifth Avenue Condominium v. 141 Acquisition Associates LLC, et al., No. 651426/2013, N.Y. Sup., New York Co.; 2015 N.Y. Misc. LEXIS 3775).

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