Option One Mortgage Corp. v. JPMorgan Chase & Co.

Order, Supreme Court, New York County (Melvin L. Schweitzer, J.), entered November 8, 2010, which, to the extent appealed from, denied the motions of defendants JPMorgan Chase & Co., JPMorgan Chase Bank, N.A., and TD Bank, N.A. (sued herein as Commerce Bank, N.A.) to dismiss this action for conversion, negligence, and violation of Uniform Commercial Code § 3-419 (1) (c), unanimously reversed, on the law, with costs, and the motions granted. The Clerk is directed to enter judgment accordingly.

In this action arising from plaintiffs purchase of real estate at a foreclosure sale, the only basis…