Ma v. Merrill Lynch, Pierce, Fenner & Smith, Inc.

BARRINGTON D. PARKER, Circuit Judge:

This appeal, arising from a judgment of the United States District Court for the Southern District of New York (Cote, /.), requires us to consider whether the New York Uniform Commercial Code Section 4-A-505, which imposes a one-year statute of repose on certain claims based on electronic funds transfers, bars Plaintiffs-Appellants’ common law claims, which have longer limitations periods. The District Court concluded that it does. Covina 2000 Ventures Corp. v. Merrill Lynch, Pierce, Fenner & Smith, No. 06 Civ. 15497, 2008 WL 1821738 (S.D.N.Y. April 21,…