Michael J. Antongiovanni Obtained Appellate Victory Reversing Dismissal of $14.3 Million Claim

Partner, Michael J. Antongiovanni, recently obtained an appellate victory in the Appellate Division, First Department, reversing the lower court’s dismissal of plaintiff’s claim that its co-shareholders defrauded it out of $14.3 million dollars in connection with their collective sale of shares in a pharmaceutical company. Mr. Antongiovanni successfully argued that a general release did not bar plaintiff’s claim because the co-shareholders were fiduciaries of plaintiff and plaintiff was entitled to rely upon their misrepresentations concerning the terms of the deal and sign only signature pages of the closing documents at their request.