IDX Capital, LLC v. Phoenix Partners Group LLC
IDX Capital, LLC v. Phoenix Partners Group LLC, 89
In a suit for tortious interference with prospective business relations and aiding and abetting breach of fiduciary duty, arising from the defendants’ alleged participation in derailing the plaintiff company’s acquisition by a third party, the Appellate Division’s dismissal of the complaint is affirmed by memorandum, where the plaintiffs failed to produce evidentiary proof as to whether: 1) individual defendants participated in a co-defendant’s admitted campaign to interfere with the proposed acquisition; 2) defendant entities should be held vicariously liable for the interference; or 3) an individual plaintiff was entitled to injunctive relief.
- Decided 05/31/2012
- Published 05/31/2012
- Court of Appeals of New York
- For Appellant:
- Jeffrey A. Udell, Frank H. Penski