Blogs

Daily Archives: Wednesday, April 4, 2018

Posted: April 4, 2018

Close Friendship Insufficient to Create Fiduciary Relationship

On March 29, 2018, the First Department issued a decision in Benzies v. Take-Two Interactive Software, Inc., 2018 NY Slip Op. 02242, holding that a close friendship was insufficient to create a fiduciary relationship, explaining: The breach of fiduciary duty claim is not viable because the complaint alleges only arm’s length business transactions and no… Read more »