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International Strategies Group, Ltd. v. ABN AMRO Bank N.V.International Strategies Group, Ltd. v. ABN AMRO Bank N.V.

Appellate Division of the Supreme Court of the State of New York
Mar 27, 2008
Versions:49 A.D.3d 474
853 N.Y.2d 878

The motion court correctly applied an actual knowledge standard in deciding that plaintiff‘s allegations are insufficient to state a cause of action against defendant-respondent for aiding and abetting defendant-appellant‘s alleged fraud (see National Westminster Bank v Weksel, 124 AD2d 144, 149 [1987], lv denied 70 NY2d 604 [1987]; see also JP Morgan Chase Bank v Winnick, 406 F Supp 2d 247, 252 n 4 [SD NY 2005]; cf. Williams v Sidley Austin Brown & Wood, L.L.P., 38 AD3d 219, 220 [2007]). We reject defendant-appellant‘s argument that the documentary evidence conclusively establishes that plaintiff‘s assignor was aware of the alleged fraud more than three years prior to institution of the action, and that the action is therefore barred by California‘s statute of limitations. We have considered the parties’ other arguments for affirmative relief and find them unavailing. Concur—Mazzarelli, J.P., Saxe, Buckley and Catterson, JJ.

Case Details

Case Name: International Strategies Group, Ltd. v. ABN AMRO Bank N.V.
Court Name: Appellate Division of the Supreme Court of the State of New York
Date Published: Mar 27, 2008
Citations: 49 A.D.3d 474; 853 N.Y.2d 878
Court Abbreviation: N.Y. App. Div.
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