Sharabani v. Simon Property Group, Inc.

OPINION OF THE COURT

Cohen, J.

This appeal requires us to examine the extent to which federal laws and regulations governing national savings associations preempt New York State laws as they may relate to “electronic stored value systems,” commonly known as gift cards, specifically, whether federal laws and regulations preempt New York State contract law and statutes such as General Business Law § 349. This Court previously has addressed federal preemption issues involving gift cards sold through agreements with federally chartered national banks (see Goldman v Simon Prop. Group, Inc., 31 AD3d…