On April 2, 2024, the First Department issued a decision in FPG Maiden Lane, LLC v. Bank Leumi USA, 2024 NY Slip Op. 01777, holding that a release can cover unknown claims . . . Continue reading Release Can Cover Unknown Claims
On April 4, 2024, the First Department issued a decision in Georgetown Co., LLC v. IAC/Interactive Corp., 2024 NY Slip Op. 01870, holding that when there is a dispute over the existence of a contract, a plaintiff may please both contract and quasi-contract claims . . . Continue reading When There is a Dispute Over the Existence of a Contract, a Plaintiff May Plead Both Contract and Quasi-Contract Claims
On March 11, 2024, Justice Chan of the New York County Commercial Division issued a decision in Newage Garden Grove, LLC v Wells Fargo Bank, N.A., 2024 NY Slip Op. 30855(U), upholding a claim for the breach of the covenant of good faith and fair dealing based on an alleged refusal to engage in settlement negotiations . . . . Continue reading Court Upholds Covenant of Good Faith and Fair Dealing Claim Based on Alleged Refusal to Engage in Settlement Negotiations
On March 5, 2024, Justice Ruchelsman of the Kings County Commercial Division issued a decision in NY Cardio Care PLLC v. Salman, 2024 NY Slip Op. 30850(U), holding that claims based on an alleged oral partnership agreement were barred by a no written modifications clause in an employment agreement . . . Continue reading Claims Based on Alleged Oral Partnership Agreement Barred by No Written Modifications Clause of Employment Agreement
On March 20, 2024, the Second Department issued a decision in Riesenburger Props., LLLP v. Pi Assoc., LLC, 2024 NY Slip Op. 01570, holding that a defendant had failed to meet the high burden necessary to vacate a stipulation of settlement . . . Continue reading Defendant Fails to Meet High Burden to Vacate Stipulation of Settlement
On March 27, 2024, the Second Department issued a decision in Regal Commodities v. Tauber, 2024 NY Slip Op. 01736, holding that an agent who negotiated a contract on behalf of a disclosed principal was not bound by the contract . . . Continue reading Agent Not Bound to Agreement Where Principal Was Disclosed
On March 27, 2024, the Second Department issued a decision in Twitchell Tech. Prods., LLC v. Mechoshade Sys., LLC, 2024 NY Slip Op. 01744, analyzing the enforceability of a restrictive covenant in a commercial contract . . . Continue reading Second Department Analyzes Enforceability of Restrictive Covenant in Commercial Contract
On March 7, 2024, Justice Borrok of the New York County Commercial Division issued a decision in UNO A Brokerage Inc v. Inshur, Inc., 2024 NY Slip Op. 30733(U), holding that an alleged oral commission agreement was barred by the statue of frauds and not saved by alleged part performance . . . Continue reading Oral Commission Agreement Barred by Statute of Frauds, Not Saved by Alleged Part Performance
On March 5, 2024, the First Department issued a decision in NCCMI, Inc. v. Bersin Props., LLC, 2024 NY Slip Op. 01161, holding that a court may reform a contract even though the statute of limitations for a reformation claim has run .. . . Continue reading Court May Reform Contract Even Though the Statute of Limitations for a Reformation Claim Has Run
On March 7, 2024, the First Department issued a decision in Citigroup Global Mkts. Inc. v. SCIP Capital Mgt., LLC, 2024 NY Slip Op. 01249, holding that the plaintiff was not entitled to consequential damages because such damages were not contemplated by the parties when the contract was made . . . Continue reading Plaintiff Not Entitled to Consequential Damages Because Such Damages Were not Contemplated by the Parties When the Contract was Made
