Court May Not, In Confirming Arbitral Award, Award Pre-Award Interest if the Arbitrator Did Not

Court May Not, In Confirming Arbitral Award, Award Pre-Award Interest if the Arbitrator Did Not

On April 9, 2026, Justice Patel of the New York County Commercial Division issued a decision in Dilascia v. Lemonis, 2026 NY Slip Op. 31505(U), holding that a court may not grant pre-award interest if the arbitrator declines to do so . . . Continue reading Court May Not, In Confirming Arbitral Award, Award Pre-Award Interest if the Arbitrator Did Not

If Claims Are Subject to Arbitration, the Remedy is a Stay, Not Dismissal

If Claims Are Subject to Arbitration, the Remedy is a Stay, Not Dismissal

On April 9, 2026, Justice Borrok of the New York County Commercial Division issued a decision in Otterbourg P.C. v. Cretella, 2026 NY Slip Op. 31506(U), holding that if claims are subject to arbitration, the proper procedural remedy is a stay pending arbitration, not dismissal . . . Continue reading If Claims Are Subject to Arbitration, the Remedy is a Stay, Not Dismissal

Court Ordered to Reconsider Bond Amount Because it Was Insufficiently Related to the Potential Damage That Could Result From the Injunction

Court Ordered to Reconsider Bond Amount Because it Was Insufficiently Related to the Potential Damage That Could Result From the Injunction

On April 14, 2026, the First Department issued a decision in T-Mobile USA, Inc. v. Broadcom Inc., 2026 NY Slip Op. 02226, ordering a trial court to reconsider the amount of a bond because it was insufficiently related to the damage that could result from an injunction . . . Continue reading Court Ordered to Reconsider Bond Amount Because it Was Insufficiently Related to the Potential Damage That Could Result From the Injunction

Motion to Vacate, Not Motion to Reargue, is Proper Means to Address a Decision Made on Default

Motion to Vacate, Not Motion to Reargue, is Proper Means to Address a Decision Made on Default

On April 15, 2026, the Second Department issued a decision in U.S. Bank Trust N.A. v. Congregation Khal Chasidei Skwera, Inc., 2026 NY Slip Op. 02297, holding that a motion to vacate, not a motion for reargument, is the proper way to challenge a decision made on default . . . Continue reading Motion to Vacate, Not Motion to Reargue, is Proper Means to Address a Decision Made on Default

Fraud Claim Not Duplicative of Contract Claim Because Alleged Misrepresentations Were Collateral to the Contract

Fraud Claim Not Duplicative of Contract Claim Because Alleged Misrepresentations Were Collateral to the Contract

On April 16, 2026, the First Department issued a decision in Metropolitan Partners Group Admin., LLC v. Nerney, 2026 NY Slip Op. 02340, holding that a fraud claim was not duplicative of a breach of contract claim because the alleged misrepresentations were collateral to the contract . . . Continue reading Fraud Claim Not Duplicative of Contract Claim Because Alleged Misrepresentations Were Collateral to the Contract

Person That Signs Registration Statement Liable for Misstatements in it and Cannot Disclaim That Liability

Person That Signs Registration Statement Liable for Misstatements in it and Cannot Disclaim That Liability

On April 16, 2026, the First Department issued a decision in Glenmede Trust Co., N.A. v. Infinity Q Capital Mgt. LLC, 2026 NY Slip Op. 02330, holding that a person that signs a registration statement is liable for misstatements in it and cannot disclaim that responsibility . . . Continue reading Person That Signs Registration Statement Liable for Misstatements in it and Cannot Disclaim That Liability