Monthly Archives: September 2017

Financial Guaranty Insurance Company v. Morgan Stanley ABS Capital I Inc., Index No. 652853/2014, 2/19/2017 (Friedman, J.)

Motion to dismiss; Failure to state a claim; Breach of contract; Breach of warranty By: Kristen Barone | Staff Writer Plaintiff, a monoline insurer, issued an insurance policy guaranteeing payments on certain securities issued in the Transaction (“the Transaction”).

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Matter of Digeser v. Flach, Index No. 2383/13, 01/31/2017 (Platkin, J.)

Judicial Dissolution By Denise Dessel | Staff Writer Gould Erectors & Rigging, Inc. (“Gould”) was a corporation formed to perform commercial construction work. Gould’s owners formed Flach Crane & Rigging Co., Inc. (“Flach Crane”) as a separate corporation to insulate … Continue reading

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Gliklad v. Deripaska, Index No. 652641/2015, 4/25/17 (Singh, J.)

Summary Judgment; Personal Jurisdiction; Specific Jurisdiction; General Jurisdiction; Piercing the Corporate Veil; Alter Ego By: Jared Gordon | Staff Writer Plaintiff and Michael Cherney (“Cherney”) executed a $270 million promissory note in Russia. Plaintiff later commenced an action against Cherney … Continue reading

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Petitioner Corp. v. Respondent Co., Index No. 655019/2016 5/15/2017 (Ramos, J.)

Manifest Disregard of the Law; Commercial Arbitration; Motion to Vacate; Fraudulent Inducement; Breach of Contract; Contractual Rescission By: Ashleigh Shelton | Staff Member Petitioner and Respondent entered into a series of agreements in which Petitioner sold its aspartame business to … Continue reading

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