Blogs

Posts Categorized: Commercial Division Justices

Posted: December 11, 2020

Fraud Claims Based on Omissions Fail Where Agreement Expressly Contemplated Non-Disclosure of All Material Information

On November 5, 2020, Justice Borrok issued a Commercial Division decision dealing with a fraud claim in the context of a stock repurchase. In Silver Point Capital Fund, L.P. v. Riviera Resources, Inc., 2020 NY Slip Op. 51308(U), the Court held that a fraud claim based on an omission fails when the material information was... Read more »