After a Motion to Dismiss Has Been FiIed, Any Discontinuance Must be by Consent or Court Order

After a Motion to Dismiss Has Been FiIed, Any Discontinuance Must be by Consent or Court Order

On May 23, 2022, Justice Ruchelsman of the Kings County Commercial Division issued a decision in Bank of Am., N.A. v. Dollar Phone Corp., 2022 NY Slip Op. 31777(U), holding that after a motion to dismiss has been made, any discontinuance must be by court order or consent . . . Continue reading After a Motion to Dismiss Has Been FiIed, Any Discontinuance Must be by Consent or Court Order

Court Looks to Plaintiff’s Place of Business, not its Place of Incorporation, in Applying New York’s Borrowing Statute

Court Looks to Plaintiff’s Place of Business, not its Place of Incorporation, in Applying New York’s Borrowing Statute

On June 1, 2022, Justice Cohen of the New York County Commercial Division issued a decision in Andes Petroleum Ecuador Ltd. v. Occidental Petroleum Corp., 2022 NY Slip Op. 31751(U), looking to a plaintiff’s place of business, not its place of incorporation, in applying New York’s borrowing statute . . . Continue reading Court Looks to Plaintiff’s Place of Business, not its Place of Incorporation, in Applying New York’s Borrowing Statute

Loan Servicer’s Affidavit Without Supporting Business Records Insufficient to Prove Failure to Pay Loan

Loan Servicer’s Affidavit Without Supporting Business Records Insufficient to Prove Failure to Pay Loan

On June 15, 2022, the Second Department issued a decision in U.S. Bank N.A. v. Kahn Prop. Owner, LLC, 2022 NY Slip Op. 03921, holding that a loan servicer’s affidavit without supporting business records was insufficient to prove a borrower’s failure to pay . . . Continue reading Loan Servicer’s Affidavit Without Supporting Business Records Insufficient to Prove Failure to Pay Loan

Lack of Cede & Co. Authorization to Sue is a Curable Defect in Standing Not Requiring Dismissal

Lack of Cede & Co. Authorization to Sue is a Curable Defect in Standing Not Requiring Dismissal

On May 25, 2022, Justice Chan of the New York County Commercial Division issued a decision in Park Royal I LLC v. HSBC Bank USA, N.A., 2022 NY Slip Op. 31715(U), holding that a lack of a Cede & Co. authorization when an action was filed was a curable defect in standing and was not a basis for dismissal . . . Continue reading Lack of Cede & Co. Authorization to Sue is a Curable Defect in Standing Not Requiring Dismissal