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Daily Archives: Sunday, January 11, 2015

Posted: January 11, 2015

Another Commercial Division Rejection of a Class Action Settlement

On January 7, 2015, Justice Kornreich of the New York County Commercial Division issued a decision in City Trading Fund v. Nye, 2015 NY Slip Op. 50008(U), refusing to approve a class action settlement. In a decision reminiscent of Justice Schweitzer’s recent decision in Gordon v. Verizon Communications, Inc., 2014 NY Slip Op. 33367(U), the… Read more »