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Lou Pearlman's Fraud Busted
Highest Court New York Supreme Court
Year Ended 2009
Plaintiffs Investor(s)
Defendants Financial Professional(s)
Other Pearlman, Lou
Short Description The Plaintiffs allege that the Defendant conspired with Lou Pearlman to misappropriate funds that the Plaintiff's entrusted to Pearlman's Trans Continental Airlines. Pearlman, a recording svengali later created N'Sync and the Backstreet Boys. Pearlman's ponzi scheme lasted from the 1980s until 2006, costing investors $300 million. The Defendant was an employee of Pearlman's record label, but also appeared as the manager for the ponzi scheme's front company. She claimed she was just a secretary, but the Plaintiffs asserted she was the party they dealt with when they spoke with the front company. This part of the case concerned whether the Court had personal jurisdiction over the Defendant, who lived in Florida. The Plaintiffs, New Yorkers, could not show that the Defendant ever engaged in conduct in in New York, nor that she ever even mailed them a document. The Court dismissed the complaint against the Defendant and also refused to let the Plaintiffs add additional Defendants. - JMC

Legal Issues
Conflicts of Law Jurisdiction & Forum Personal Jurisdiction
General Equitable Actions Unjust Enrichment
Torts Economic Torts Fraud, Misrepresentation & Inducement


Opinions Bogal v. Finger
874 N.Y.S.2d 217
New York Supreme Court, Appellate Division , February 24, 2009 ( _ )


Bogal v. Finger
2007 N.Y. Slip Op. 51863(U) / 2007 WL 2874959
New York Supreme Court , October 02, 2007 ( No. 5846-07 )


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Related Searches Parties
Financial Professional(s) ( Defendant )
Investor(s) ( Plaintiff )
Pearlman, Lou ( Other )

Legal Issues
Conflicts of Law / Jurisdiction & Forum / Personal Jurisdiction
General / Equitable Actions / Unjust Enrichment
Torts / Economic Torts / Fraud, Misrepresentation & Inducement

Courts
New York Supreme Court (highest court)
New York Supreme Court, Appellate Division


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