Intercept Pharmaceuticals, Inc. v. Howard

SUMMARY ORDER

Defendant Chris Howard appeals from a judgment entered in the District Court granting a motion for judgment on the pleadings by plaintiff Intercept Pharmaceuticals, Inc. (“Intercept”). Howard claims that he exercised his options for shares of Intercept’s stock by mailing in a check on December 26, 2007. Intercept claims that it never received the check and therefore Howard has failed to plead facts sufficient to state a claim for breach of contract. In holding that Howard’s contract claim is barred by New York’s six-year statute of limitations for breach of contract actions, the…