Commercial Division Blog: Current Developments in the Commercial Divisions of the New York State Courts

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June 5, 2024 Summary Judgment In Lieu Of Complaint Granted Under CPLR 3213 Written by: Jeffrey M. Eilender, Thomas A. Kissane, Samuel L. Butt, Joshua Wurtzel, Channing J. Turner
On April 17, 2024, Justice Melissa A. Crane granted summary judgment on a note under CPLR 3213, in TVAE Invs. LLC v. Cannetti, Index No. 656186/2023. Read More
April 10, 2023 Unconditional Guaranty is Instrument for Payment of Money Only Within the Meaning of CPLR 3213 Despite Indemnification Provision Written by: Jeffrey M. Eilender, Thomas A. Kissane, Samuel L. Butt, Joshua Wurtzel, Channing J. Turner
On March 27, 2023, Justice Margaret A. Chan of the New York County Commercial Division issued a decision in HCC Insurance Holdings, Inc. v. Athenium Analytics LLC, 2023 N.Y. Misc. LEXIS 1317. The Court held that an unconditional guaranty on a note was an instrument for the payment of money only within the meaning of CPLR 3213, even where the guarantee, in the preamble and within a provision providing for indemnification, including the word “performance.” The Court explained: Read More