Legal Opinion

Deep Woods Holdings LLC v. Pryor Cashman LLP

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

Decided December 6, 2016No. 1758 652886/15Published

1Opinion of the Court

Order, Supreme Court, New York County (Saliann Scarpulla, J.), entered on or about February 11, 2016, which granted defendants’ motion to dismiss paragraphs 3-5 and 41-53 of the complaint pursuant to CPLR 3211, unanimously reversed, on the law, with costs, and the motion denied.

Defendant Pryor Cashman LLP represented nonparty David Lichtenstein in a transaction in which Lichtenstein was to purchase $10 million worth of stock in nonparty Park Avenue Bank. Before the transaction could close, nonparty Savings Deposit Insurance Fund of the Republic of Turkey (SDIF) sued the holder of 99% of the…

2Cases cited7 opinions

  1. Banque Arabe et Internationale D'Investissement v. Maryland National BankCourt of Appeals for the Second Circuit · 1995
  2. Rothschild v. . Title Guarantee Trust Co.New York Court of Appeals · 1912
  3. Estate of Schneider v. FinmannNew York Court of Appeals · 2010
  4. Good Old Days Tavern, Inc. v. ZwirnAppellate Division of the Supreme Court of the State of New York · 1999
  5. Commonwealth of Pennsylvania Public School Employees' Retirement System v. Morgan Stanley & Co.New York Court of Appeals · 2015

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