SRG Partners v. Asch

270 A.D.2d 4, 703 N.Y.S.2d 722, 2000 N.Y. App. Div. LEXIS 2264

Opinion

—Order, Supreme Court, New York County (Herman Cahn, J.), entered August 30, 1999, after a nonjury trial, dismissing the complaint as against defendants-respondents, and judgment, same court and Justice, entered thereon on September 21, 1999, unanimously affirmed, with costs.

Defendants-respondents’ statements concerning predictions of future events cannot form the basis for a fraud cause of action (see, Beltrone v General Schuyler & Co., 223 AD2d 938, 941). In any event, the record supports the court’s determination that plaintiff failed to prove, by clear and convincing evidence (see, Abrahami v UPC Constr. Co., 224 AD2d 231, 234), the elements of its fraud claims against defendants-respondents (see, Lama Holding Co. v Smith Barney, 88 NY2d 413, 421). Concur — Sullivan, P. J., Rosenberger, Mazzarelli and Andrias, JJ.