Global Financial Corp. v. Triarc Corp.

OPINION OF THE COURT

Chief Judge Kaye.

This appeal places before us a long-simmering question: where does a nonresident’s contract claim accrue for purposes of the Statute of Limitations? CPLR 202 requires our courts to “borrow” the Statute of Limitations of a foreign jurisdiction where a nonresident’s cause of action accrued, if that limitations period is shorter than New York’s. The primary issue presented by this appeal is whether, for purposes of CPLR 202, the nonresident plaintiffs contract and quantum meruit claims accrued in New York, where most of the relevant events occurred, or in…