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Aramid Entm't Fund Ltd. v. Wimbledon Fin. Master Fund, Ltd.

Supreme Court, Appellate Division, First Department, New York.
Apr 30, 2013
105 A.D.3d 682 (N.Y. App. Div. 2013)

Opinion

2013-04-30

ARAMID ENTERTAINMENT FUND LTD., et al., Plaintiffs–Appellants, v. WIMBLEDON FINANCING MASTER FUND, LTD., et al., Defendants–Respondents, Fortis Bank Cayman, Ltd., et al., Defendants.

Stroock & Stroock & Lavan LLP, New York (Claude G. Szyfer of counsel), for appellants. Weingarten Brown LLP, Los Angeles, CA (Alex M. Weingarten of the bar of the State of California, admitted pro hac vice, of counsel), for Wimbledon Financing Master Fund, Ltd., WFM Holdings Ltd., Joseph Bianco and David Bergstein, respondents.



Stroock & Stroock & Lavan LLP, New York (Claude G. Szyfer of counsel), for appellants. Weingarten Brown LLP, Los Angeles, CA (Alex M. Weingarten of the bar of the State of California, admitted pro hac vice, of counsel), for Wimbledon Financing Master Fund, Ltd., WFM Holdings Ltd., Joseph Bianco and David Bergstein, respondents.
Toptani Law Offices, New York (Edward Toptani of counsel), for Stillwater Capital Partners, Inc. and Stillwater Market Neutral Fund III SPC, respondents.

ACOSTA, J.P., MOSKOWITZ, RENWICK, FREEDMAN, CLARK, JJ.

Order, Supreme Court, New York County (Melvin L. Schweitzer, J.), entered on or about March 28, 2012, which granted defendant David Bergstein's motion to dismiss the complaint as against him for lack of personal jurisdiction, and order, same court and Justice, entered March 22, 2012, which granted the motion of defendants Wimbledon Financing Master Fund, Ltd., WFM Holdings Ltd., Stillwater Capital Partners, Inc., Stillwater Market Neutral Fund III SPC, Gerova Financial Group, and Joseph Bianco, dismissing the complaint as against them for failure to state a cause of action, unanimously affirmed, with costs.

Plaintiffs failed to state a claim for tortious interference with prospective business advantage, since there was no sufficient allegation that, but for defendants' interference, Aramid would have completed the sale of its assets to a third party ( see Gebbia v. Toronto–Dominion Bank, 306 A.D.2d 37, 38, 762 N.Y.S.2d 38 [1st Dept. 2003] ). Nor have plaintiffs sufficiently alleged any facts suggesting that defendants undertook actions with the sole purpose of harming plaintiffs ( see Thome v. Alexander & Louisa Calder Found., 70 A.D.3d 88, 108, 890 N.Y.S.2d 16 [1st Dept. 2009], lv. denied15 N.Y.3d 703, 2010 WL 2572017 [2010] ). Plaintiffs also failed to state a claim for prima facie tort, since they failed to allege that defendants' actions were solely motivated by malice or disinterested malevolence and they failed to plead special damages ( see Golub v. Esquire Publ., 124 A.D.2d 528, 529, 508 N.Y.S.2d 188 [1st Dept. 1986], lv. denied69 N.Y.2d 606, 514 N.Y.S.2d 1023, 507 N.E.2d 319 [1987] ).

Plaintiffs failed to set forth a prima facie basis for jurisdiction over defendant Bergstein under CPLR 302(a)(2). In particular, plaintiffs failed to allege facts showing that defendants, including defendant Bianco, as the agent of Bergstein, committed a tortious act in New York for the benefit and with the consent and knowledge of Bergstein, and in furtherance of a conspiracy that included Bergstein ( see de Capriles v. Lugo, 293 A.D.2d 405, 740 N.Y.S.2d 623 [1st Dept. 2002], lv. dismissed and denied98 N.Y.2d 717, 748 N.Y.S.2d 897, 778 N.E.2d 547 [2002] ).

The court properly exercised its discretion in denying plaintiffs' request for jurisdictional discovery, since they did not show that facts may exist supporting their theory of conspiracy ( Lugo, 293 A.D.2d at 406, 740 N.Y.S.2d 623).


Summaries of

Aramid Entm't Fund Ltd. v. Wimbledon Fin. Master Fund, Ltd.

Supreme Court, Appellate Division, First Department, New York.
Apr 30, 2013
105 A.D.3d 682 (N.Y. App. Div. 2013)
Case details for

Aramid Entm't Fund Ltd. v. Wimbledon Fin. Master Fund, Ltd.

Case Details

Full title:ARAMID ENTERTAINMENT FUND LTD., et al., Plaintiffs–Appellants, v…

Court:Supreme Court, Appellate Division, First Department, New York.

Date published: Apr 30, 2013

Citations

105 A.D.3d 682 (N.Y. App. Div. 2013)
965 N.Y.S.2d 26
2013 N.Y. Slip Op. 3042

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