News & Events

New York Commercial Litigation Report: Volume Four Now Available

Where Advocacy Meets Business

April 2017 – The fourth volume of Chaffetz Lindsey’s New York Commercial Litigation Report is now available. The report contains recent case summaries to keep you informed on new developments, and reminded of old ones. The cases in this issue include:

All bids are final …
New York Court of Appeals: Seller of syndicated loan was bound by its acceptance of plaintiff’s winning auction bid absent “forthright, reasonable signal” conditioning seller’s intent to be bound on parties’ execution of a written agreement.

A pocket guide to proving “out of pocket” damages for fraud … 
First Department: Plaintiff alleging fraudulent inducement of corporate merger agreement failed to establish compensable damages; absent formal appraisal, plaintiff could not prove difference between merger consideration paid and target company’s actual value.

Demise of the two-step tango for award enforcement against alter egos …
Second Circuit:  New York Convention does not require a party to seek confirmation of a foreign arbitral award before enforcing the award against third parties.

To view the report in its entirety, please click here.

Editors: Charles Scibetta and Andreas Frischknecht

Illustrations by Hank Blaustein
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