Damages resulting from fraudulent inducement are meant to indemnify a plaintiff for the actual pecuniary loss sustained as the direct result of the fraud. Damages are calculated so as to compensate the plaintiff for what was lost because of the fraud, not for what might have been gained in the absence of any fraud. Damages are limited to the amount necessary to restore the plaintiff to its position before the fraud was committed.
NMR e-Tailing LLC v. Oak Inv. Partners, NY Slip Op 02830 (1st Dep't May 25, 2023)
