Partial Dismissal Granted In Suit Over Financing With Now-Insolvent Insurer

( January 9, 2025, 3:44 PM EST) -- NEW YORK — A New York state court justice granted in part an investment placement agent’s and related entity’s motion to dismiss in an aiding and abetting fraud and negligent misrepresentation suit over the agent’s alleged failure to disclose the creditworthiness of certain entities in a financing transaction, including a now-liquidated insurer, finding in part that the lender plaintiffs failed to sufficiently state a claim for negligent misrepresentation....