November 2016 – The third 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:
|“Sham transaction” violates champerty statute …
New York Court of Appeals: Court affirms dismissal of multi-hundred million dollar lawsuit against German bank. Assignment of securities for the sole purpose of enabling the assignee to bring suit deemed champertous. Caveat venditor (let the seller beware) …
Second Circuit: Court reverses dismissal of putative consumer class action because online retailer Amazon could not establish as a matter of law that it gave customers reasonable notice of mandatory arbitration provision.Litigating on borrowed time …
First Department: Parties’ contractual choice of New York law does not preclude application of New York’s borrowing statute. Court applies Ontario’s shorter limitations period to hold that Canadian plaintiff’s breach of contract claims are time-barred.
To view the report in its entirety, please click here.
Illustrations by Hank Blaustein
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