Legal Opinion
Assured Guaranty (UK) Ltd. v. J.P. Morgan Investment Management Inc.
New York Court of Appeals
Decided December 20, 2011PublishedCited by 72 opinions
1Opinion of the Court
OPINION OF THE COURT
Graffeo, J.
At issue on this appeal is whether the Martin Act (General Business Law art 23-A) preempts plaintiffs common-law causes of action for breach of fiduciary duty and gross negligence. For the reasons that follow, we conclude that plaintiffs common-law claims are not preempted.
Plaintiff Assured Guaranty (UK) Ltd. commenced this action against defendant J.P Morgan Investment Management Inc., asserting causes of action for breach of fiduciary duty, gross negligence and breach of contract. The gravamen of the complaint is that J.P. Morgan mismanaged the investment…
2Cases cited17 opinions
- Burns Jackson Miller Summit & Spitzer v. LindnerNew York Court of Appeals · 1983
- CPC International Inc. v. McKessonNew York Court of Appeals · 1987
- Castellano v. Young & Rubicam, Inc.Court of Appeals for the Second Circuit · 2001
- Granite Partners, LP v. Bear, Stearns & Co. Inc.District Court, S.D. New York · 1998
- ABN AMRO Bank, N.V. v. MBIA Inc.New York Court of Appeals · 2011
12 more not listed; retrieve them via the Exa API.
3Cited by72 opinions
- Bayerische Landesbank, New York Branch v. Aladdin Capital Management LLCCourt of Appeals for the Second Circuit · 2012
- Waggoner v. Barclays PLCCourt of Appeals for the Second Circuit · 2017
- RONI LLC v. ArfaNew York Court of Appeals · 2011
- Matana v. MerkinDistrict Court, S.D. New York · 2013
- Cruz v. TD Bank, N.A., Martinez v. Capital One Bank, N.A.Court of Appeals for the Second Circuit · 2013
67 more not listed; retrieve them via the Exa API.