Fishkin Lucks prevailed today before the United States District Court for the Southern District of New York (Buchwald, J.). Following a lengthy hearing, the Court granted the Firm’s motion to dismiss plaintiff’s action alleging that our clients, an international financier and its principal, had engaged in fraud and civil conspiracy and breached fiduciary duties in connection with a series of loan transactions they entered into with plaintiff, a publicly traded oilfield service operator. While plaintiff alleged the loan transactions should have been rescinded, which would have resulted in a net $25M loss to our client, we were able to persuade the Court that plaintiff’s claims were barred under the res judicata doctrine given a prior litigation between the parties in London, England and England’s entire controversy doctrine.
