Legal Opinion

Nordberg v. South Street Seaport Corp.

Appellate Division of the Supreme Court of the State of New York

Decided September 27, 2007Published

1Opinion of the Court

*775Order, Supreme Court, New York County (Helen E. Freedman, J.), entered February 24, 2006, which granted defendants’ motions to dismiss the complaint, unanimously affirmed, with costs.

The causes of action seeking collection on a subordinated note from the South Street Seaport Corporation, as obligor, or by piercing the corporate veil from its affiliate, the South Street Seaport Museum, are time-barred (CPLR 213 [2]) because plaintiff did not sue within six years from the date the note matured on May 31, 1998 (see Scionti v Reid, 238 AD2d 496 [1997]).

Contrary to plaintiffs contentions, the…

2Cases cited6 opinions

  1. Schmidt v. Merchants Despatch Transportation Co.New York Court of Appeals · 1936
  2. Kornfeld v. NRX Technologies, Inc.New York Court of Appeals · 1984
  3. Varga v. Credit-SuisseAppellate Division of the Supreme Court of the State of New York · 1958
  4. Varga v. SUISSENew York Court of Appeals · 1958
  5. Minority Equity Capital Co., Inc. v. JacksonDistrict Court, S.D. New York · 1992

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