From Casetext: Smarter Legal Research

International Strategies Group, Ltd. v. ABN AMRO Bank N.V.

Appellate Division of the Supreme Court of New York, First Department
Mar 27, 2008
49 A.D.3d 474 (N.Y. App. Div. 2008)

Opinion

Nos. 3198, 3198A.

March 27, 2008.

Order, Supreme Court, New York County (Karla Moskowitz, J.), entered February 1, 2007, which, inter alia, denied plaintiffs motion for leave to amend its complaint so as to include a cause of action against defendant-respondent for aiding and abetting defendant-appellant's fraud, and denied defendant-appellant's cross motion to dismiss plaintiffs cause of action against it for fraud, unanimously affirmed, without costs. Appeal from order, same court and Justice, entered June 5, 2005 unanimously dismissed, without costs, as superseded by the appeal from the February 1, 2007 order.

Morrison Cohen LLP, New York (Malcolm I. Lewin of counsel), for appellant.

Liddle Robinson, LLP, New York (Blaine H. Bortnick of counsel), for respondent-appellant.

Before: Mazzarelli, J.P., Saxe, Buckley and Catterson, JJ.


The motion court correctly applied an actual knowledge standard in deciding that plaintiffs allegations are insufficient to state a cause of action against defendant-respondent for aiding and abetting defendant-appellant's alleged fraud ( see National Westminster Bank v Weksel, 124 AD2d 144, 149, lv denied 70 NY2d 604; see also JP Morgan Chase Bank v Winnick, 406 F Supp 2d 247, 252 n 4 [SD NY 2005]; cf. Williams v Sidley Austin Brown Wood, L.L.P., 38 AD3d 219, 220). We reject defendant-appellant's argument that the documentary evidence conclusively establishes that plaintiffs assignor was aware of the alleged fraud more than three years prior to institution of the action, and that the action is therefore barred by California's statute of limitations. We have considered the parties' other arguments for affirmative relief and find them unavailing.


Summaries of

International Strategies Group, Ltd. v. ABN AMRO Bank N.V.

Appellate Division of the Supreme Court of New York, First Department
Mar 27, 2008
49 A.D.3d 474 (N.Y. App. Div. 2008)
Case details for

International Strategies Group, Ltd. v. ABN AMRO Bank N.V.

Case Details

Full title:INTERNATIONAL STRATEGIES GROUP, LTD, Respondent-Appellant, v. ABN AMRO…

Court:Appellate Division of the Supreme Court of New York, First Department

Date published: Mar 27, 2008

Citations

49 A.D.3d 474 (N.Y. App. Div. 2008)
2008 N.Y. Slip Op. 2766
853 N.Y.S.2d 878

Citing Cases

Rosado v. McAloon Friedman

See Rosado Opp. Aff., Ex C. The allegations and plaintiff's opposition papers are insufficient to state MF…

Roni LLC v. Arfa

s on the property acquisitions and collected commissions — activities which are part of ordinary real estate…