Siy v. McMicking

OPINION OF THE COURT

Edward J. Greenfield, J.

This application for equitable intervention in aid of attachment raises a question of first impression in New York as to the applicability of UCC article 8.

Plaintiffs are citizens and residents of the Philippines and, *165having invested in a corporation engaged in the development of residential and resort properties on the Spanish Mediterranean Coast now contend that there was fraud, misrepresentation and breach of fiduciary duty in connection with the investment. Defendant BPI International Finance Ltd. has counterclaimed for over $6,500,000 on…