GLLLP beats back motion to dismiss

On July 30 2018, the Honorable Supreme Court Justice Leon Ruchelsman agreed with GLLLP that a complex, derivative action that GLLLP brought on behalf of its client Raycom Program Ventures, Inc., a part of Raycom Media, one of the nation’s largest privately-owned local media companies, stated valid causes of action, including fraud, and therefore could proceed.  In denying the motion to dismiss by Defendant Reliable Fast Cash, a Brooklyn, New York – based lender that, the Complaint in the action alleges, is trying to take unfair advantage of Raycom, Justice Ruchelsman sided with GLLLP on a number of complex issues involving California law.  Most notably, the Judge rejected each and every California and New York procedural argument that Reliable Fast Cash raised in an attempt to derail the lawsuit.  The Judge then went on to hold that since the Complaint “provides far more than mere conclusory allegations of fraud,” the claim was validly pled.  The Judge also sustained other, related causes of action.  GLLLP ultimately seeks to void certain judgments that the Complaint explains were fraudulently and improperly obtained against Raycom and to recover compensatory and punitive damages, as well as related relief.  Stay tuned for further developments as the case proceeds.

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