StormHarbour Securities LP v. IIG Trade Opportunities Fund N.V.
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
Judgment, Supreme Court, New York County (Eileen Bransten, J.), entered October 7, 2015, in favor of plaintiff, unanimously affirmed, with costs. Appeal from order, same court and Justice, entered September 29, 2015, unanimously dismissed, without costs, as subsumed in the appeal from the judgment.
Plaintiff established prima facie that the transaction that closed within the one-year (tail) period following the termination of the parties’ letter agreement (Engagement Letter) was “a substantially similar transaction to the Transaction” as defined in the letter. Both the closed transaction and…
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