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Commercial Division Blog

Current Developments in the Commercial Divisions of the
New York State Courts
Posted: November 8, 2016

No Cause of Action for Accounting Where Demand for Accounting Not Made and Refused

On November 1, 2016, the First Department issued a decision in NWM Capital, LLC v. Scharfman, 2016 NY Slip Op. 07127, dismissing a claim for an accounting, “given the lack of any allegations that a demand for an accounting was refused.”

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