The court denied the defendants' motions to dismiss for lack of personal jurisdiction and to transfer the case to New York. The court found that the amended complaint adequately stated claims of breach of fiduciary duty and negligent misrepresentation. However, the court dismissed Counts I, II, III, and VI for failure to meet the heightened pleading requirement for fraud, granting leave to amend.
documents/vol00010-efta01433450-pdf.pdf
{"title":"FINANCIAL TRUST CO., INC. v. CITIBANK N.A.","key_people":["Jeffrey E. Epstein","Maria Tankenson Hodge","Gregory H. Hodges","Dsyle Davison"],"document_date":"2003-06-19","document_type":"legal","key_locations":["Virgin Islands","New York","St. Thomas","St. John"],"document_subtype":"Court Opinion","key_organizations":["Financial Trust Company, Inc.","Citibank, N.A.","Citigroup, Inc.","AIG Global Investment Corporation","Salomon Smith Barney","Chase Manhattan"],"reference_numbers":["CIV.2002-108"]}