Legal Opinion
Justinian Capital SPC ex rel. Blue Heron Segregated Portfolio v. WestLB AG
New York Supreme Court
Decided February 24, 2014PublishedCited by 4 opinions
1Opinion of the Court
OPINION OF THE COURT
Shirley Werner Kornreich, J.
Defendants WestLB AG, New York Branch and WestLB Asset Management (US) LLC (collectively, WestLB) move for summary judgment and dismissal of the complaint on the ground of champerty. Defendants’ motion is granted for the reasons that follow.
I. Introduction
Champerty “developed hundreds of years ago to prevent or curtail the commercialization of or trading in litigation.” (Bluebird Partners v First Fid. Bank, 94 NY2d 726, 729 [2000].) The prohibition of champerty has been repealed by many states.1
New York, however, continues to recognize the…
2Cases cited6 opinions
- Bluebird Partners v. First Fidelity Bank, N. A.New York Court of Appeals · 2000
- Merrill Lynch Mortgage Investors, Inc. v. Love Funding Corp.New York Court of Appeals · 2009
- Trust for the Certificate Holders of the Merrill Lynch Mortgage Investors, Inc. Mortgage Pass-Through Certificates Series 1999-C1 Ex Rel. Orix Capital Markets, LLC v. Love Funding Corp.Court of Appeals for the Second Circuit · 2009
- Trust for the Certificate Holders of the Merrill Lynch Mortgage Investors, Inc. v. Love Funding Corp.District Court, S.D. New York · 2007
- Justinian Capital SPC v. WestLB AGNew York Supreme Court · 2012
1 more not listed; retrieve them via the Exa API.
3Cited by4 opinions
- Justinian Capital SPC Ex Rel. Blue Heron Segregated Portfolio v. WestLB AGNew York Court of Appeals · 2016
- BSC Associates, LLC v. Leidos, Inc.District Court, N.D. New York · 2015
- Justinian Capital SPC Ex Rel. Blue Heron Segregated Portfolio v. WestLB AGAppellate Division of the Supreme Court of the State of New York · 2015
- Justinian Capital SPC Ex Rel. Blue Heron Segregated Portfolio v. WestLB AGNew York Court of Appeals · 2016