Raskin v. Petroysyan
Alex Raskin (plaintiff) filed the present action against Armen Petrosyan (aka Armin Roberts) (defendant) and others on October 20, 2010, and filed the operative sixth amended complaint on May 30, 2014. The operative complaint alleged that defendant held himself out as an experienced art broker/dealer and persuaded plaintiff to purchase works of art for 10 to 20 times their actual value. The complaint asserted causes of action for intentional and negligent misrepresentation, intentional and negligent concealment, conversion, and rescission.
Defendant filed a cross-complaint against Raskin for breach of written contract and reasonable value of goods delivered. The cross-complaint asserted that plaintiff purchased approximately 108 paintings from defendant at a combined cost of over $6,000,000. After a series of disputes arose between plaintiff and defendant, the parties entered a “Mutual General Release” (general release) that purported to release each party from exist
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