In Torricelli v. VB Asset Management, LLC, 23-CV-9176 (VEC), 2024 WL 1718820 (S.D.N.Y. Apr. 22, 2024), the court applied two seemingly contradictory doctrines when dismissing an alter-ego based breach of contract claim under Delaware law and a claim for tortious interference with contract under New York law, each brought against an investment company concerning a contract with its wholly-owned subsidiary. The court’s decision highlights the fact that courts will respect the twin realities of corporate separateness and a parent company’s role in overseeing its subsidiary… Read more
Complaint Survives Dismissal Based on Detailed Allegations of Scheme to Poach Employees and Proprietary Information
In Acrisure, LLC v. Woodruff-Sawyer & Co., 84 Misc. 1262(A) (PAE), 2024 WL 5329871 (Sup. Ct. N.Y. Cnty.), Supreme Court, New York County, held that a former employer adequately pleaded tortious interference, unfair competition, and aiding-and-abetting claims against a competitor who used wrongful means to poach employees, take company secrets, and attempt a sophisticated cover … Read more