The document discusses a legal case where plaintiffs allege that defendants failed to disclose a conflict of interest, forcing them to keep funds in a failing investment. The plaintiffs claim a fiduciary relationship with the defendants, who acted as financial advisors. The court finds the amended complaint adequately states claims for breach of fiduciary duty and negligent misrepresentation. However, the court requires the plaintiffs to reframe rescission and punitive damages claims as part of the ad damnum clause. The defendants argue for dismissal of certain counts due to lack of particularity in fraud claims.
doj/DataSet10/EFTA01386063.pdf
{"key_people":["Jo-Ann's Launder Ctr, Inc.","Chase Manhattan Bank, N.A.","Citibank","Citigroup","AIG","Epstein","FTC"],"document_type":"legal","key_locations":["Virgin Islands"],"document_subtype":"court filing","key_organizations":["Citibank","Citigroup","AIG","SSB"],"reference_numbers":["854 F.Supp. 387"]}