Sophisticated Investor’s Fraudulent Inducement Claims Tossed Out by SDNY
January 17, 2023,
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As shown by the recent decision in Rostami v. Open Props, Inc., No. 22-CV-3326 (RA) (U.S.D.C. SDNY Jan. 9, 2023), courts apply particular scrutiny to fraud claims attempted to be asserted by what the courts deem are “sophisticated investors,” especially …