Ambac Assurance Corp. v. Countrywide Home Loans, Inc.
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
Orders, Supreme Court, New York County (Eileen Bransten, J.), entered October 27, 2015, which denied defendant Bank of America Corp.’s (BAC) motion for summary judgment dismissing plaintiffs’ (together, Ambac) successor-liability claims, and granted Ambac’s motion for partial summary judgment on the continuity of ownership prong of the de facto merger claim, unanimously modified, on the law, to deny Ambac’s motion and to grant BAC’s motion as to the implied assumption of liabilities claim, and otherwise affirmed, without costs.
Ambac, the insurer of a number of residential mortgage-backed…
2Cases cited6 opinions
- Fitzgerald v. Fahnestock & Co.Appellate Division of the Supreme Court of the State of New York · 2001
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- Oorah, Inc. v. Covista Communications, Inc.Appellate Division of the Supreme Court of the State of New York · 2016
- Ledy v. WilsonAppellate Division of the Supreme Court of the State of New York · 2007
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