Capital Mgmt. II, LLC v. Cerberus Capital Mgmt. , L.P., 08 Civ. 5516 (MGC), 2009 U.S. Dist. LEXIS 105738, at *35 (S.D.N.Y. Nov. 10, 2009) (quoting Lerner v. Fleet Bank, 459 F.3d 273, 290 (2d Cir. 2006)). First, Claimants have not adequately pleaded that the Beir Steams Respondents failed to disclose material infor