The case by private investors alleging fraud against Lynn Tilton and Patriarch Partners to the tune of tens of millions of dollars can go forward following a decision Thursday by the Appellate Division, First Department.
A divided court affirmed Manhattan Supreme Court Justice Eileen Bransten’s 2016 decision dismissing a claim against Tilton for negligent misrepresentation. The panel also upheld Bransten’s refusal to dismiss a claim of fraudulent misrepresentation in the handling of two funds by the defendants.
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