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Daily Archives: Thursday, October 25, 2018

Posted: October 25, 2018

Recognition of Alleged Loans on Partnership Books Raises Issues of Fact Regarding Statute of Limitations Precluding Dismissal

On October 3, 2018, Justice Ostrager of the New York County Commercial Division issued a decision in Emil LLC v. Jacobson, 2018 NY Slip Op. 32529(U), holding that recognition of alleged loans on a partnership’s books raised issues of fact regarding the statute of limitations for not repaying the loans, precluding dismissal, explaining: Loans which have... Read more »