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Posts Categorized: Champerty

Posted: September 1, 2015

Court of Appeals Grants Leave To Appeal In Case Concerning “Safe Harbor” Exception To Champerty Statute

On August 27, 2015, the Court of Appeals granted leave to appeal in Justinian Capital SPC v. WestLB AG, a case involving the interpretation of a “safe harbor” provision that exempts from invalidation under New York’s champerty statute “the purchase of certain debts and related claims so long as there is an aggregate purchase price… Read more »

Posted: March 2, 2014

Case Dismissed for Champerty

On February 24, 2014, Justice Kornreich of the New York County Commercial Division issued a decision in Justinian Capital SPC v. WestLB AG, 2014 NY Slip Op. 24046, granting a motion for summary judgment and dismissal on the grounds of champerty. Justinian Capital arose from an investment portfolio that contained mortgage-backed securities that did not meet the… Read more »