Ambac hatte die Klage gegen DLJ Mortgage Capital, Inc. (DLJ), and Credit Suisse Securities (USA), LLC (Credit Suisse) schon lange geöffnet. Sogar ambac hat im September 2007 einen Antrag an das Gericht gegeben - strike the jury demand.Mot Seq 007- Jetzt hat ambac noch mit den detalierten,ausführlichen Punkten ihre Anklage ergänzt oder abgeändert. Es ging um die folgenden Betrügerische Deals und Beschwerden; Von der Ambacsseite; The complaint contains the following causes of action: fraudulent inducement - (1st); breach of contract (2nd, 3rd & 5th); - violation of the implied covenant of good faith and fair dealing (4th); - indemnification (6th); - and reimbursement of litigation costs (7th).
Von der Defendants, DLJ Mortgage Capital, Inc. (DLJ), and Credit Suisse Securities (USA), LLC (Credit Suisse), Seite move to: 1) dismiss the amended complaint(AC) for failure to state a cause of action, except for the 3rd cause of action for breach of contractual warranties; 2) dismiss The Segregated Account of Ambac Assurance Corporation (the Account), as a party plaintiff for lack of capacity to sue; 3) strike plaintiffs' demand for punitive and consequential damages; and 4) strike the jury demand.Mot Seq 007. Fraudulent Inducement (First Cause of Action) The elements of a claim for fraudulent inducement are: 1) a false representation of material fact, 2) known by the utterer to be untrue, 3) made with the intention of inducing reliance and forbearance from further inquiry, 4) that is justifiably relied upon, and 5) resulting damages. Schumaker v Mather, 133 NY 590, 595 (1892). Here, Ambac claims that defendants falsely represented, prior to contracting, that the Loans complied with the CS Guidelines and had been subject to Credit Suisse's own due diligence and that Ambac justifiably relied upon these representations to its detriment. http://law.justia.com/cases/new-york/other-courts/2011/2011-50533.html |
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