New York Fiduciary Breach Claim Against Firm Survives Dismissal In Investment Row

Mealey's (April 5, 2022, 12:48 PM EDT) -- NEW YORK — Ruling that a claim for breach of fiduciary duty against a law firm was sufficiently alleged under New York law because one of the plaintiffs “had a reasonable expectation of trust and confidence,” a New York federal judge on March 31 granted the firm’s motion to dismiss on all other counts in a suit involving a promissory note and a reinsurance arrangement, allowing the plaintiffs limited leave to amend....