The Resolution Law Group, P.C., is a premier boutique law firm engaging in high-stakes commercial and private disputes, encompassing a broad range of legal services. With a national complex litigation practice and a strategic alliance of contract litigators and law firms, seasoned in targeted legal disciplines, The Resolution Law Group has emerged as a firm taking on consumer advocacy at the national level.
In lender litigation, one specialized arena, The Resolution Law Group is engaging institutions that have comparatively unlimited financial resources. As we now know, the nation’s largest financial organizations, who have been found responsible of fraud, continue to avoid their moral and financial responsibility to the American Homeowner. Through Complex Tort Litigation, The Resolution Law Group is leveling the playing field and holding these defendants accountable for violations of state and federal laws.
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In order to prevail on (his/her) claim of fraudulent/intentional misrepresentation the plaintiff must prove 1) that the defendant made a false representation as a statement of fact, 2) the statement was untrue and the defendant knew it was untrue, 3) the defendant made the false statement in order to induce the plaintiff to rely on the false statement, and 4) the plaintiff did rely on the false statement to (his/her) detriment.
Dalia v. Lawrence, 226 Conn. 51, 78 (1993); Miller v. Appleby, 183 Conn. 51, 55 (1981); DeLuca v. C.W. Blakeslee & Sons, Inc., 174 Conn. 535, 546 (1978).
"The intentional withholding of information for the purpose of inducing action has been regarded . . . as equivalent to a fraudulent misrepresentation. 1 Restatement (Second), Contracts § 161. . . ." (Citations omitted.) Pacelli Bros. Transportation, Inc. v. Pacelli, 189 Conn. 401, 407 (1983).
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Goldman Sachs Accused of "common-law fraud, fraudulent misrepresentation, aiding and abetting fraud, declaratory judgment, and contract claims, including rescission, and restitution
Defendants obtained mortgage loans from the originators and created securities from them. The underwriter underwrote the Offerings and sold the Securities to Plaintiff by means of Offering Materials which contained knowing material had fraudulent misrepresentations and omissions.
Alternatively, if the underwriter did not know of material intentional misrepresentation and omissions, then contracts of sale from the underwriter to Plaintiff are void or voidable as a result of mutual mistake.
Plaintiff did not know the true facts regarding Defendants’ intentional misrepresentation and omissions in the Offering Materials, and justifiably relied on those intentional misrepresentation and omissions. Defendants’ wrongdoing has led directly to Plaintiff’s damages, which include loss of market value on the Securities.
Goldman Sachs International and Goldman Sachs Real Estate Funding Corp. are at law and at equity for claims including common-law fraud, intentional misrepresentation, negligent misrepresentation, aiding and abetting fraud, declaratory judgment, and contract claims, including rescission, restitution and mutual mistake. The depositor identified in Exhibit A is liable for claims including common law fraud, intentional misrepresentation, and negligent misrepresentation. The sponsor identified in Exhibit A is liable for claims including common law fraud, intentional misrepresentation, and negligent misrepresentation. The underwriter identified in Exhibit A is liable for claims including common law fraud, aiding and abetting fraud, intentional misrepresentation, negligent misrepresentation, and contract claims, including rescission, restitution and mutual mistake.
Judgment was taken against the default for money damages in an amount of at least $188,583,258, and interest thereon, together with punitive damages of $188,583,258, rescission, rescissory damages, legal fees, and the costs of this action.