1. Home
  2. Browse Decisions
  3. A.D.3d
  4. 144 A.D.3d
  5. 144 A.D.3d 440 (2016)
 

AOZORA BANK, LTD. v. J.P. MORGAN SECURITIES LLC

1974, 652159/13.

144 A.D.3d 440 (2016)

2016 NY Slip Op 07260

39 N.Y.S.3d 784

AOZORA BANK, LTD., Appellant, v. J.P. MORGAN SECURITIES LLC et al., Respondents.

Appellate Division of the Supreme Court of New York, First Department.

Decided November 3, 2016.

Plaintiff adequately stated a claim for fraud. Defendants failed to show that plaintiff's reliance on statements that the collateral manager would select collateral independently was unreasonable as a matter of law (see generally ACA Fin. Guar. Corp. v Goldman, Sachs & Co., 25 N.Y.3d 1043, 1045 [2015]). The complaint alleges that plaintiff, while aware or on notice of the concentration of Bear Stearns underwritten assets in the...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases