Appellate Division, First Department · October 8, 2026 · 2026 NY Slip Op 05854
Iberdrola Energy Projects v Oaktree Capital Mgt., L.P.
Read the official decision: 2026 NY Slip Op 05854
Holding The court affirmed the dismissal of the plaintiff’s fraud claims because the plaintiff failed to plead detrimental reliance on misrepresentations collateral to the contract, as the alleged inducement involved pre-existing contractual obligations. Additionally, the plaintiff’s renewed challenges to the enforceability of the work-pending-dispute and nonrecourse provisions were barred by the law of the case doctrine.
The court’s words
Plaintiff failed to plead the element of detrimental reliance in support of its causes of action for fraud.
2026 NY Slip Op 05854, at the official text
the conduct into which plaintiff was allegedly induced consisted of pre-existing obligations under the EPC
2026 NY Slip Op 05854, at the official text
Any breach by defendants did not cause the dispute resolution procedures to fail of their purpose
2026 NY Slip Op 05854, at the official text
| Court | Appellate Division, First Department |
|---|---|
| Decided | October 8, 2026 |
| Citation | 2026 NY Slip Op 05854 |
| Area of law | Contracts and Commercial |
| Week | Week ending October 10, 2026 |
| Official text | Official decision: 2026 NY Slip Op 05854 |
| Publication status | Slip opinions are uncorrected and subject to revision before publication in the Official Reports. |
| Source feed | New York slip opinion page |
| Law Watch record id | 1069 |
Recommended citation
ESQ HQ, New York Law Watch, Iberdrola Energy Projects v Oaktree Capital Mgt., L.P., 2026 NY Slip Op 05854 (Appellate Division, First Department, October 8, 2026), https://esqhq.com/decisions/2026-ny-slip-op-05854/
How this record was made
Holding drafted by Law Watch’s in-house model, graded by three reviewers; every quotation verified word for word against the official text.
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