Loan Guarantor Bound by Decision in Separate Action in Which Only the Borrower was a Party

Loan Guarantor Bound by Decision in Separate Action in Which Only the Borrower was a Party

On September 30, 2021, the First Department issued a decision in Gamma Lending Omega LLC v. Kaminski, 2021 NY Slip Op. 05165, holding that a guarantor is bound by a decision in an action in which the borrower, not the guarantor, was a party . . . . Continue reading Loan Guarantor Bound by Decision in Separate Action in Which Only the Borrower was a Party

GBL 349 Claim Dismissed as a Private Dispute Even Though it Related to Insurance Policies Alleged to Have Been Made With Many Members of the Public

GBL 349 Claim Dismissed as a Private Dispute Even Though it Related to Insurance Policies Alleged to Have Been Made With Many Members of the Public

On June 17, 2021, Justice Colaiacovo of the Erie County Commercial Division issued a decision in Thrill 13014, LLC v. Finger Lakes Fire & Cas. Co., 2021 NY Slip Op. 32020(U), holding that a complaint alleging fraud in the issuance of insurance policies alleged to have been made with many members of the public failed to state a claim under GBL 349 because the claims still were a private dispute . . . Continue reading GBL 349 Claim Dismissed as a Private Dispute Even Though it Related to Insurance Policies Alleged to Have Been Made With Many Members of the Public

When Arbitration is Under AAA Rules, Questions of Arbitrability are for the Arbitrator to Decide

When Arbitration is Under AAA Rules, Questions of Arbitrability are for the Arbitrator to Decide

On August 24, 2021, Justice Emerson of the Suffolk County Commercial Division issued a decision in Bromberg & Liebowitz v. O’Brien, 2021 NY Slip Op. 50813(U), holding that when an arbitration is governed by the AAA rules, questions of arbitrability are for the arbitrator to decide . . . Continue reading When Arbitration is Under AAA Rules, Questions of Arbitrability are for the Arbitrator to Decide