Legal Opinion
China Privatization Fund (Del), L.P. v. Galaxy Entertainment Group Ltd.
Appellate Division of the Supreme Court of the State of New York
Decided May 31, 2012PublishedCited by 11 opinions
1Opinion of the Court
*770Order, Supreme Court, New York County (Jeffrey K. Oing, J), entered September 15, 2011, which denied defendant’s motion pursuant to CPLR 3211 (a) (1) and (7) to dismiss the complaint, unanimously affirmed, with costs.
In 2006, pursuant to an indenture, defendant Galaxy Entertainment Group Limited (Galaxy) issued zero coupon convertible notes to fund the construction of a casino in China. Plaintiff China Privatization Fund (Del), L.P. (CPF), an investing partnership, purchased a $50 million note. The note did not accrue or pay interest but was convertible, at CPF’s option and under certain…
2Cases cited4 opinions
- Greenfield v. Philles Records, Inc.New York Court of Appeals · 2002
- Chimart Associates v. PaulNew York Court of Appeals · 1986
- NFL Enterprises LLC v. Comcast Cable Communications, LLCAppellate Division of the Supreme Court of the State of New York · 2008
- Telerep, LLC v. U.S. International Media, LLCAppellate Division of the Supreme Court of the State of New York · 2010
3Cited by11 opinions
- Endurance American Specialty Insurance v. Century Surety Co.District Court, S.D. New York · 2014
- Bank of New York Mellon Trust Co. v. Solstice ABS CBO II, Ltd.District Court, S.D. New York · 2012
- China Privatization Fund (Del.), L.P. v. Galaxy Entertainment Group Ltd.Appellate Division of the Supreme Court of the State of New York · 2016
- China Privatization Fund (Del.), L.P. v. Galaxy Entertainment Group Ltd.Appellate Division of the Supreme Court of the State of New York · 2020
- China Privatization Fund (Del.), L.P. v. Galaxy Entertainment Group Ltd.Appellate Division of the Supreme Court of the State of New York · 2020
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