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Search results for "lien law"
1208 results found for "lien law"
- Second Department Dismisses Action for Specific Performance Because Contractual Conditions Were Not Satisfied
“The point at which breach of a contract will be redressable by specific performance thus must lie not portion or all of its assets it must comply with various provisions of New York’s Religious Corporations Law (“RCL”) and Not-For-Profit Corporation Law (“NPC”). Laws of N.Y., Book 7B, C.P.L.R. C3211:10 at 22. the complaint as true, accord plaintiffs the benefit of every cognizable legal theory"' ( Rudovic v Law
- Enforcement News: More Than 1,500 SEC Filings Affected By Alleged Fraud Perpetrated By Accounting Firm and Its Owner
caused violations of, the antifraud, recordkeeping, and other provisions of the federal securities laws and desist from committing or causing violations of the relevant provisions of the federal securities laws
- Sophisticated Parties, Justifiable Reliance, and a Signed Release: A Roadmap to Dismissal
The law recognizes that while parties are generally free to allocate risk through contract, a release In lieu of filing an answer, defendants moved to dismiss the complaint on the basis that the release Under New York law, a plaintiff who has released fraud claims cannot later challenge the release unless information is being withheld or that a transaction may be more valuable than represented, New York law
- Enforcement News: SEC Brings Enforcement Action Involving an Alleged $70 Million Pre-IPO Fraud Scheme
Unregistered securities offerings are prohibited under the federal securities laws unless an exemption antifraud, securities registration, and broker-dealer registration provisions of the federal securities laws antifraud, securities registration, and broker-dealer registration provisions of the federal securities laws
- Second Department Finds Triable Issue of Fact as to the Question of Seller’s Oral Waiver of Time of the Essence Closing Date in Real Estate Contract
The law is settled that when “a contract for the sale of real property does not make time of the essence , the law permits a reasonable time in which to tender performance, regardless of whether the contract After discussing the general law on time of the essence letters, the Court noted that seller’s April However, the Court, relying on the “well settled” law that “oral waiver of the time for the sale of real
- Appellate Division, First Department Shows Little Mercy for Litigant that Filed Untimely Summary Judgment Motion
that there is no material issue of fact to be tried, and that judgment may be directed as a matter of law summary judgment has proven a valuable, practical tool for resolving cases that involve only questions of law “ erfunctory claim of law office failure” are insufficient to “excuse a late motion, no matter how First, the calendaring error on which counsel blames the late filing amounts to no more than law office
- STATUTE OF LIMITATIONS IN THE TIME OF COVID – THE SECOND DEPARTMENT DECIDES AN ISSUE OF FIRST IMPRESSION FOR NEW YORK APPELLATE COURTS RELATED TO MORTGAGE FORECLOSURE ACTIONS AND COVID-19 TOLLS
limitations/acceleration in mortgage foreclosure actions 1 and Real Property Actions and Proceedings Law On January 20, 2021, one of the borrower’s “heirs-at-law,” conveyed the Property to plaintiff, Trento Cuomo) No. 202.8 (9 NYCRR 8.202.8), which tolled the statute of limitations for many lawsuits and proceedings Further, consistent with the law in this State that Executive Order 202.8 constitutes a toll ( see Brash
- Fraud Notes: Misstatements of Material Fact and The Doctrine of Caveat Emptor
certificate of occupancy and believed that any issue regarding the barn had been resolved through a boundary line the certificate of occupancy ‘was readily ascertainable from the public record.’”[8] Under New York law As noted, in such transactions, the law does not impose a duty on the seller or the seller’s agent to
- Usury
Pursuant to General Obligations Law §5-501(1) , interest on a loan or forbearance “shall be six per centum per annum unless a different rate is prescribed in section fourteen-a of the banking law.” Banking Law §14-a(1) provides that the “maximum rate of interest provided for in section 5-501 of the general obligations law shall be sixteen per centum per annum.” Failure to abide by usury laws could have significant repercussions.
- CPLR 321(c) and the Death, Removal or Disability of Counsel
Counsel for the defendant in Kurian , supra , was suspended from the practice of law during the pendency Defendant retained a lawyer who appeared and interposed an answer, but was later suspended from the practice of law. based on CPLR 321(c), and stated: Here, the defendants' attorney was suspended from the practice of law
- Fraud Allegations Dismissed Due To Bankruptcy Non-Disclosure
As discussed below, Rubin highlights the intersection of bankruptcy law, corporate transactions, and or that the debtor reasonably should have known about, vest in the bankruptcy estate by operation of law
- Fraud Notes: The Discovery Rule for Fraud and The Failure to Articulate a False Statement
that a fraud claim be pleaded with particularity can be found in Section 3016(b) of the Civil Practice Law Three C involved the statute of limitations applicable to a claim of fraud.[9] Under New York law, “a The Court explained that “[t]he facts presented … did not conclusively demonstrate, as a matter of law

