Veritas Capital Management, L.L.C. v. Campbell
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
As Campbell is a Connecticut resident, his breach of fiduciary duty claim is barred unless it is timely under the shorter of the New York or Connecticut statutes of limitation (Global Fin. Corp. v Triarc Corp., 93 NY2d 525 [1999]). Under New York law, his claim for money damages, which only incidentally involves misrepresentations, is governed by a three-year statute of limitations (IDT Corp. v Morgan Stanley Dean Witter & Co., 12 NY3d 132 [2009]). Connecticut’s statute is also three years. Contrary to Campbell’s assertion, defendant’s express announcement that he was engaged in the precise…
2Cases cited9 opinions
- Murphy v. American Home Products Corp.New York Court of Appeals · 1983
- IDT Corp. v. Morgan Stanley Dean Witter & Co.New York Court of Appeals · 2009
- Global Financial Corp. v. Triarc Corp.New York Court of Appeals · 1999
- Ingle v. Glamore Motor Sales, Inc.New York Court of Appeals · 1989
- Shared Communications Services of ESR, Inc. v. Goldman, Sachs & Co.Appellate Division of the Supreme Court of the State of New York · 2007
4 more not listed; retrieve them via the Exa API.
3Cited by14 opinions
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- Beach v. Touradji Capital Mgt., LPAppellate Division of the Supreme Court of the State of New York · 2024
- Bluebanana Group v. SargentAppellate Division of the Supreme Court of the State of New York · 2019
9 more not listed; retrieve them via the Exa API.