The court properly granted summary judgment dismissing the fraudulent inducement cause of action, as the record establishes that plaintiff had the means of discovering, by the exercise of ordinary intelligence, the potential consequences of those terms of the agreement that it alleges caused it to suffer damages. It is significant that plaintiff is a sophisticated party. Moreover, plaintiff has not pleaded any specific misrepresentations or concealment.
Innovative Sec., LTD. v. OBEX Sec. LLC, NY Slip Op 06023 (1st Dep't October 30, 2025)
