That Defendants Played a Role in Transaction Insufficient, Without More, to Bind Them to Forum Selection Clause of Agreement They Did Not Sign

That Defendants Played a Role in Transaction Insufficient, Without More, to Bind Them to Forum Selection Clause of Agreement They Did Not Sign

On March 19, 2025, Justice Chan of the New York County Commercial Division issued a decision in Talipot ESG Invs. LLC v. Bulltick Fin. Advisory Servs. LLC, 2025 NY Slip Op. 50349(U), holding that the fact that defendants played a role in a transaction was insufficient, without more to bind them to the forum selection clause of an agreement they did not sign . . . Continue reading That Defendants Played a Role in Transaction Insufficient, Without More, to Bind Them to Forum Selection Clause of Agreement They Did Not Sign

Court Stays Civil Action Pending Resolution of Criminal Action Against Non-Party Corporate Officer

Court Stays Civil Action Pending Resolution of Criminal Action Against Non-Party Corporate Officer

On March 10, 2025, Justice Reed of the New York County Commercial Division issued a decision in Dragons 516 Ltd. v. GDC 138 E 50 LLC, 2025 NY Slip Op. 50309(U), staying a civil action pending the resolution of a criminal action against a non-party officer of a corporate defendant . . . Continue reading Court Stays Civil Action Pending Resolution of Criminal Action Against Non-Party Corporate Officer

Corporate Officer Should Not Have Been Allowed to Use Corporate Funds for Personal Defense Costs Without Obtaining an Undertaking

Corporate Officer Should Not Have Been Allowed to Use Corporate Funds for Personal Defense Costs Without Obtaining an Undertaking

On March 12, 2025, the Second Department issued a decision in Billings v. Billings Props., Inc., 2025 NY Slip Op. 01339, holding that a corporate officer should not have been allowed to use corporate funds to pay for the defense of claims against her personally without obtaining an undertaking to repay those funds . . . Continue reading Corporate Officer Should Not Have Been Allowed to Use Corporate Funds for Personal Defense Costs Without Obtaining an Undertaking