The following excerpt is from In re Lightsquared Inc., 504 B.R. 321 (Bankr. S.D.N.Y. 2013):
45.See alsoStrasser v. Prudential Sec., Inc., 218 A.D.2d 526, 630 N.Y.S.2d 80, 82 (1995) (duty to disclose exists when nondisclosure would le[a]d the person to ... forego action that might otherwise have been taken for the protection of that person) (internal citations omitted).
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