Island Intellectual Property LLC v. Reich & Tang Deposit Solutions, LLC

Order, Supreme Court, New York County (Shirley Werner Kornreich, J.), entered June 14, 2017, which, to the extent appealed from as limited by the briefs, denied defendants’ motion to dismiss plaintiffs’ fraud claim, denied defendants’ motion to stay the action pending related federal actions, and granted plaintiffs’ cross motion for partial summary judgment on the issue of liability on their breach of contract and indemnification claims, unanimously modified, on the law, plaintiffs’ cross motion denied, and otherwise affirmed, without costs.

The motion court should not have entertained…