Legal Opinion
Bluebird Partners v. First Fidelity Bank, N. A.
New York Court of Appeals
Decided May 11, 2000PublishedCited by 52 opinions
1Opinion of the Court
OPINION OF THE COURT
Bellacosa, J.
Champerty is a venerable doctrine developed hundreds of years ago to prevent or curtail the commercialization of or trading in litigation. It is currently codified in New York as Judiciary Law § 489. In this case, the statute’s evocation as an affirmative defense attempts to squeeze the ancient prohibition into a modern financial transaction and its resulting dispute.
Bluebird Partners, L.P. brings this action, essentially alleging a breach of fiduciary duty against various trustees involved in the bankruptcy of Continental Airlines, Inc. The question before…
2Cases cited12 opinions
- People v. LopezNew York Court of Appeals · 1989
- Moses v. . McDivittNew York Court of Appeals · 1882
- Fairchild Hiller Corp. v. McDonnell Douglas Corp.New York Court of Appeals · 1971
- Irwin v. . CurieNew York Court of Appeals · 1902
- Elliott Associates, L.P. v. Banco De La Nacion and the Republic of PeruCourt of Appeals for the Second Circuit · 1999
7 more not listed; retrieve them via the Exa API.
3Cited by52 opinions
- SCR Joint Venture L.P. v. WarshawskyCourt of Appeals for the Second Circuit · 2009
- Red Tulip, LLC v. NeivaAppellate Division of the Supreme Court of the State of New York · 2007
- Merrill Lynch Mortgage Investors, Inc. v. Love Funding Corp.New York Court of Appeals · 2009
- Justinian Capital SPC Ex Rel. Blue Heron Segregated Portfolio v. WestLB AGNew York Court of Appeals · 2016
- Deutsche Bank Natl. Trust Co. v. Flagstar Capital Mkts.New York Court of Appeals · 2018
47 more not listed; retrieve them via the Exa API.