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March 29, 2023
Assignment Was Not Champertous
In a Decision and Order, dated March 1, 2023, in IKB Int’l S.A. v. Morgan Stanley, Index No. 653964/2012, Justice Melissa Crane granted in part and denied in part Morgan Stanley’s motion for summary judgment. Schlam Stone & Dolan LLP represents Plaintiffs in this action. Morgan Stanley argued, inter alia, that the assignment of claims to IKB AG was champertous. The Court rejected this argument, explaining: Read More
March 27, 2023
Recently Completed Assignment Sufficient For Standing At Pleading Stage
In a Decision and Order on Motion, dated March 7, 2023, in Finitive LLC v. Pattelli, Index No. 155024/2022, Justice Barry R. Ostrager granted in part and denied in part Defendants’ motion to dismiss. In denying that portion of Defendants’ motion to dismiss which argued that Plaintiffs, including Private Brokers LLC (“PB”), lacked standing, the Court explained: Read More
