Fraudulent Inducement as a Cause of Action in New York

“To state a cause of action for fraudulent inducement, the plaintiff must allege (i) a knowing misrepresentation of material fact, (ii) intended to deceive another party and induce them to act on it, (iii) resulting in injury (Gosmile, Inc. v Levine, 81 AD3d 77, 81 [1st Dept 2010]).” Shanghai Nonobank Fin. Info. Serv. Co. v. Jie, 2019 N.Y. Slip Op. 32043 (N.Y. Sup. Ct. 2019).