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Commercial Division Blog

Current Developments in the Commercial Divisions of the
New York State Courts
Posted: April 18, 2015

Court of Appeals Arguments of Interest for the Week of April 27, 2015

Arguments the week of April 27, 2015, in the Court of AppealsĀ that may be of interest to commercial litigators.

  • No. 83: Aurora Loan Services v Taylor (To be argued Thursday, April 30, 2015) (“Mortgages–foreclosure–standing to commence action–whether plaintiff demonstrated physical possession of the mortgage note at the time of commencement of the action–assignment of the mortgage by Mortgage Electronic Registration Systems, Inc. (MERS)–summary judgment.”) The Second Department’s decision is available here.
  • No. 85 ACE Securities v DB Structured Products (To be argued Thursday, April 30, 2015) (“Limitations of actions–when cause of action accrues–contract cause of action arising from breach of representations and warranties contained in agreements related to the securitization of residential mortgages–timeliness of contract cause of action under six-year statute of limitation.”). The First Department’s decision is available here.
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