Legal Opinion
Quadrant Structured Products Co. v. Vertin
New York Court of Appeals
Decided June 10, 2014PublishedCited by 96 opinions
1Opinion of the Court
OPINION OF THE COURT
Rivera, J.
In response to the first certified question from the Supreme Court of the State of Delaware, we conclude that a trust indenture’s “no-action” clause that specifically precludes enforcement of contractual claims arising under the indenture, but omits reference to “the Securities,” does not bar a security-holder’s independent common-law or statutory claims. Accordingly, we answer the second question in the affirmative.
L
The Delaware litigation underlying the certified questions is a reminder of the continued effects of the 2008 financial crisis and the economic…
2Cases cited15 opinions
- W.W.W. Associates, Inc. v. GiancontieriNew York Court of Appeals · 1990
- Greenfield v. Philles Records, Inc.New York Court of Appeals · 2002
- Vermont Teddy Bear Co. v. 538 Madison Realty Co.New York Court of Appeals · 2004
- General Investment Co. v. Interborough Rapid Transit Co.New York Court of Appeals · 1923
- Nichols v. NicholsNew York Court of Appeals · 1954
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3Cited by96 opinions
- Paul M. Ellington v. EMI Music, Inc.New York Court of Appeals · 2014
- Cortlandt St. Recovery Corp. v. BondermanCourt for the Trial of Impeachments and Correction of Errors · 2018
- Amalgamated Bank v. Yahoo! Inc.Court of Chancery of Delaware · 2016
- Cooperatieve Centrale Raiffeisen-Boerenleenbank, B.A. v. Francisco Javier Herrera NavarroNew York Court of Appeals · 2015
- Quadrant Structured Products Company, Ltd. v. VertinCourt of Chancery of Delaware · 2014
91 more not listed; retrieve them via the Exa API.