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Daily Archives: Monday, June 7, 2021

Posted: June 7, 2021

Allegations of Plaintiff’s Due Diligence Sufficient to Establish its Reasonable Reliance Necessary to State Fraud Claim

On May 27, 2021, the First Department issued a decision in Bullen v. CohnReznick, LLP, 2021 NY Slip Op. 03369, holding that allegations of the plaintiff’s due diligence were sufficient to establish that the plaintiff’s reliance on the defendant’s misrepresentations was reasonable, explaining: Plaintiffs also sufficiently alleged the element of reasonable reliance. They allegedly took... Read more »