On May 23, 2024, the First Department issued a decision in Kataman Metals LLC v. Macquarie Futures USA, LLC, 2024 NY Slip Op. 02869, holding that a modification to a contract does not require new consideration . . . Continue reading Contract Modification Does Not Require New Consideration
On May 21, 2024, the First Department issued a decision in Clover Private Credit Opportunities Origination (Levered) II, L.P. v. Sanberg, 2024 NY Slip Op. 02774, holding that questions of fact precluded judgment on reasonableness of foreclosure sale . . . Continue reading Questions of Fact Precluded Judgment on Reasonableness of Foreclosure Sale
On May 23, 2024, the Court of Appeals issued a decision in Eccles v. Shamrock Capital Advisors, LLC, 2024 NY Slip Op. 02841, holding that the substantive law of a company’s place of incorporation presumptively applies to causes of action arising from its internal affairs . . . Continue reading Substantive Law of Company’s Place of Incorporation Presumptively Applies to Claims Arising from its Internal Affairs
On May 10, 2024, Justice Borrok of the New York County Commercial Division issued a decision in Idi v. Sela, 2024 NY Slip Op. 31679(U), holding that an accounting claim based on a breach of fiduciary duty has a three-year limitations period . . . Continue reading Accounting Claim Based on Breach of Fiduciary Duty Has Three-Year Limitations Period
On May 15, 2024, the Second Department issued a decision in Wang v. IV – CVCF NEB REO, LLC, 2024 NY Slip Op. 02722, holding that a short delay in serving an answer due to law office failure was sufficient excuse to avoid a default judgment . . . Continue reading Short Delay in Filing Answer Due to Law Office Failure Sufficient Excuse to Avoid Default
On May 14, 2024, the First Department issued a decision in Aronson Mayefsky & Sloan, LLP v. Praeger, 2024 NY Slip Op. 02657, holding that a law firm is allowed to bring both breach of contract and account stated claims regarding unpaid bills . . . Continue reading Law Firm Allowed to Bring Both Contract and Account Stated Claims Regarding Unpaid Bills
On May 16, 2024, the First Department issued a decision in Taxi Tours Inc. v. Go N.Y. Tours Inc., 2024 NY Slip Op. 02760, holding that an expert witness properly was excluded from testifying because of the expert’s failure to turn over all the data that was the basis for the expert’s decision . . . Continue reading Expert Precluded for Failure to Turn Over All Material Relied Upon
On May 16, 2024, the First Department issued a decision in Entech Eng’g, P.C. v. Dewberry Engrs. Inc., 2024 NY Slip Op. 02752, holding that judicial estoppel barred a plaintiff from changing its argument regarding choice of law after it earlier had prevailed on that argument . . . Continue reading Judicial Estoppel Bars Plaintiff From Changing Argument Regarding Choice of Law After It Earlier Had Prevailed on that Argument
On May 16, 2024, the Court of Appeals issued a decision in Mulacek v. ExxonMobil Corp., 2024 NY Slip Op. 02724, holding that a no action clause barred a claim against an issuer . . . Continue reading No Action Clause Bars Claim Against Issuer
On May 2, 2024, Justice Bannon of the New York County Commercial Division issued a decision in Denver Wewatta (CO) LLC v. Amtrust Title Ins. Co., 2024 NY Slip Op. 31584(U), denying a motion to seal for lack of supporting evidence . . . Continue reading Sealing Motion Barred for Lack of Supporting Evidence
