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fraud in the inducement

   Also found in: Legal 0.01 sec.
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Noun1.fraud in the inducement - fraud which intentionally causes a person to execute and instrument or make an agreement or render a judgment; e.g., misleading someone about the true facts
fraud - intentional deception resulting in injury to another person


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as well as key executives alleging they have violated federal racketeering statutes (RICO Act), conspired to violate federal racketeer statutes (RICO Act), fraud in the inducement, breach of contract, promissory fraud, negligent misrepresentation, breach of covenant of good faith and fair dealing, and failure to pay wages due.
The lawsuit was filed, in order to protect the shareholders, for damages resulting from alleged stock manipulation, federal securities fraud, violations of the Colorado Securities Act, common law fraud, fraud in the inducement, conspiracy, and similar causes of action.
and seeks damages of at least $84 million for fraud in the inducement, breach of contract and unjust enrichment.
 
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