Legal Opinion

Aozora Bank, Ltd. v. Credit Suisse Group

Appellate Division of the Supreme Court of the State of New York

Decided November 3, 2016No. 1887 652274/13PublishedCited by 13 opinions

1Opinion of the Court

Order, Supreme Court, New York County (Charles E. Ramos, J.), entered April 22, 2015, which, to the extent appealed from as limited by the briefs, granted defendants’ motions to dismiss the fraud, aiding and abetting fraud, breach of the implied covenant of good faith and fair dealing, and negligent misrepresentation claims as against them, unanimously affirmed, without costs.

In May 2007, plaintiff Aozora Bank, Ltd., a sophisticated investor in the subprime market, purchased $40 million of notes issued by the Jupiter V CDO, an investment vehicle col-lateralized by residential mortgage backed…

2Cases cited3 opinions

  1. Gutkin v. SiegalAppellate Division of the Supreme Court of the State of New York · 2011
  2. Aozora Bank, Ltd. v. Deutsche Bank Securities Inc.Appellate Division of the Supreme Court of the State of New York · 2016
  3. CIFG Assurance North America, Inc. v. Credit Suisse Securities (USA) LLCAppellate Division of the Supreme Court of the State of New York · 2015

3Cited by13 opinions

  1. Norddeutsche Landesbank Girozentrale v. TiltonAppellate Division of the Supreme Court of the State of New York · 2017
  2. P.S. Fin., LLC v. Eureka Woodworks, Inc.Appellate Division of the Supreme Court of the State of New York · 2023
  3. BH 336 Partners LLC v. Sentinel Real Estate Corp.Appellate Division of the Supreme Court of the State of New York · 2026
  4. Boesky v. LevineAppellate Division of the Supreme Court of the State of New York · 2021
  5. Boesky v. LevineAppellate Division of the Supreme Court of the State of New York · 2021

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