Clarifying New York's "borrowing statute," the Court of Appeals yesterday held that a nonresident plaintiff's breach of contract claim is subject to the statute of limitations of its home state. Although the disputed contract was negotiated, signed and carried out in New York, the Court rejected a "grouping of contacts" analysis and held that a nonresident plaintiff's cause of action accrues where it suffers the economic injury, generally its state of residence.
June 10, 1999 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
ALBANY — Clarifying New York’s “borrowing statute,” the Court of Appeals yesterday held that a nonresident plaintiff’s breach of contract claim is subject to the statute of limitations of its home state.
Although the disputed contract was negotiated, signed and carried out in New York, the Court rejected a “grouping of contacts” analysis and held that a nonresident plaintiff’s cause of action accrues where it suffers the economic injury, generally its state of residence.
Presented by BigVoodoo
This conference aims to help insurers and litigators better manage complex claims and litigation.
Recognizing innovation in the legal technology sector for working on precedent-setting, game-changing projects and initiatives.
Legalweek New York explores Business and Regulatory Trends, Technology and Talent drivers impacting law firms.
McCarter & English, LLP is seeking litigation attorneys for our Newark, NJ offices. Candidates must have 3-6 years of law firm experien...
McCarter & English, LLP is actively seeking a corporate associate for its office located in Boston, MA. Candidate must have 2 - 5 years ...
McCarter & English, LLP is actively seeking a midlevel insurance coverage associate for its Newark, NJ and/or Philadelphia, PA offices. ...
