IDT Corporation, Respondent v. Morgan Stanley Dean Witter & Co., Appellants

Summary

The Court of Appeals reversed and dismissed IDT's remaining claims against Morgan Stanley. It held that the fiduciary-duty, intentional-interference, and misappropriation claims accrued when IDT first suffered loss from Telefonica's refusal to comply with the MOU and were therefore untimely, while the unjust-enrichment claim was unavailable because the relevant services were governed by a written contract and IDT did not pay the fees it sought to recover.