JPMorgan Chase Bank, N.A. v. Luxor Capital, LLC
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
The indemnification clause in the loan syndication and trading association (LSTA) agreement at issue provides, among other things, that CIC shall indemnify Luxor for any costs or expenses arising out of a breach of CIC’s representations and warranties under the agreement. The IAS court correctly denied Luxor’s motion as premature, as it cannot be determined on this record whether CIC breached the LSTA agreement. CIC’s duty to defend is not broader than its duty to indemnify (see Inner City Redevelopment Corp. v Thyssenkrupp El. Corp., 78 AD3d 613, 613 [1st Dept 2010]), and the indemnification…
2Cases cited6 opinions
- Lumbermens Mutual Casualty Co. v. Morse Shoe Co.Appellate Division of the Supreme Court of the State of New York · 1995
- Bradley v. Earl B. Feiden, Inc.New York Court of Appeals · 2007
- Enron Corp. v. Springfield Associates, L.L.C. (In Re Enron Corp.)District Court, S.D. New York · 2007
- RM Realty Holdings Corp. v. MooreAppellate Division of the Supreme Court of the State of New York · 2009
- Cassidy v. Highrise Hoisting & Scaffolding, Inc.Appellate Division of the Supreme Court of the State of New York · 2011
1 more not listed; retrieve them via the Exa API.
3Cited by12 opinions
- Olivieri v. Barnes & Noble, Inc.Appellate Division of the Supreme Court of the State of New York · 2022
- Berkeley Research Group, LLC v. FTI Consulting, Inc.Appellate Division of the Supreme Court of the State of New York · 2018
- Blackstone Advisory Partners L.P. v. GuptaAppellate Division of the Supreme Court of the State of New York · 2014
- Clark v. Metropolitan Transportation AuthorityNew York Supreme Court · 2013
- Cuomo v. 53rd & 2nd AssociatesAppellate Division of the Supreme Court of the State of New York · 2013
7 more not listed; retrieve them via the Exa API.