Commercial Litigation

New York Banking & Finance Breach of Contract Commercial Litigation

Appellate Division, Second Department

Uncategorized

Blade Funding v. Build Retail — Second Department treats receivables deals as purchases, not usurious loans

/ September 16, 2026

The Second Department enforced a $2.4 million settlement and held that three merchant agreements were purchases of future receivables rather than criminally usurious loans.

New York Breach of Contract Civil Procedure Commercial Litigation

Appellate Division, Second Department

Uncategorized

AB International Investments v. GFE NY — Second Department narrows alter-ego and constructive-trust claims

/ July 22, 2026

The Second Department dismissed constructive-trust and duplicative claims where the complaint alleged no fiduciary relationship or reliance transfer involving the affiliate that received disputed contract funds.

New York Banking & Finance Civil Procedure Commercial Litigation

Appellate Division, Second Department

Uncategorized

Beltran Technologies v. Citibank — New York lacks jurisdiction over Dutch bank in wire-transfer scam

/ July 22, 2026

The Second Department held that a Dutch bank’s passive receipt of a fraud-induced wire into a Netherlands account did not establish personal jurisdiction in New York.