Touche! Judge to “sophisticated investor”


Judge Tosses ‘Sophisticated’ Investor’s Fraud Claim

Ben Bedell, New York Law Journal   

An investor who claimed he was defrauded of $4 million had his case dismissed by Manhattan Commercial Division Justice Anil Singh, who said it is “not the court’s role to insulate sophisticated business entities from the consequences of their own risky investments.”

UPDATE 11/9/2015. And here’s the case caption, in case you want to go into the NYS Supreme Court data base and read the entire decision:

Katzrin Finance Group, LLC, Plaintiff v. Arcapex LLC, Blackthorn Advisory Group LLC, Light Sword LLC, Vincent Ney, Jon Geidel, and Katten Muchin Rosenman LLP, Defendants, 651129/2014

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