Daily Archives: Saturday, May 16, 2020

Posted: May 16, 2020

Note Requiring Defendant to Become Registered on an Exchange Not an Instrument for Payment of Money Only Under CPLR 3213

On May 14, 2020, the First Department issued a decision in Alpha Capital Anstalt v. Generex Biotechnology Corp., 2020 NY Slip Op. 02877, holding that a note requiring a defendant to become registered on an exchange is not an instrument for the payment of money only under CPLR 3213, explaining: The note upon which plaintiff... Read more »