NY Supreme Court Declines to Dismiss Lenders' Fraud Claim Against Arranger Despite Exculpatory Clause in Harbinger v. Wachovia | Practical Law

NY Supreme Court Declines to Dismiss Lenders' Fraud Claim Against Arranger Despite Exculpatory Clause in Harbinger v. Wachovia | Practical Law

An update on the New York County Supreme Court decision in Harbinger Capital Partners Master Fund I, Ltd. v. Wachovia Capital Markets, LLC, where the Court declined to dismiss a group of lenders' fraud claim against the arranger of a syndicated loan, despite the existence of an exculpatory clause in the loan agreement.

NY Supreme Court Declines to Dismiss Lenders' Fraud Claim Against Arranger Despite Exculpatory Clause in Harbinger v. Wachovia

by PLC Finance
Published on 20 Jul 2010 • New York
An update on the New York County Supreme Court decision in Harbinger Capital Partners Master Fund I, Ltd. v. Wachovia Capital Markets, LLC, where the Court declined to dismiss a group of lenders' fraud claim against the arranger of a syndicated loan, despite the existence of an exculpatory clause in the loan agreement.