Reported today in the NYLJ at P 18/Col 1, Justice Edmead in Supreme Court, New York County dismissed punitive damage claims in the matter of Fortnow v. Hughes Hubbard & Reed LLP.. This case arose from the sale of an internet company, where the sellers lost their profits in the bursting bubble. Justice Edmead determined that the punitive damage claims did not rise to the “high moral turpitude” level necessary.