The New York Court of Appeals starts off this week -- the second week of the September Session -- with two oral arguments on civil law on Monday: Kazahstan Investment Fund Ltd. v. Manolovici and Hyman v. Queens County Bancorp (neither of the Appellate Division opinions are accessible on the Web, see Court of Appeals' case summaries).
Kazahstan involves whether a three-year Statute of Limitations applies to an action in which the plaintiff sought damages against the defendant, a former disinterested director of the plaintiff, for breach of fiduciary duties and negligence in overseeing the plaintiff's investment manager. The plaintiff claims that the defendant's oversight caused it to lose millions of dollars. The Appellate Division, First Department held that the action was time-barred, and that a six-year limitations period did not apply pursuant to CPLR 213(7).
Hyman involves a slip and fall on stairs in a bank. The Appellate Division, Second Department granted the defendant bank summary judgment based on, among other things, that the plaintiffs offered no proof from which it could be inferred that the State and City building code provisions they relied upon to assert violations were in effect when the building was constructed at some time prior to 1974. The Court also observed that it was undisputed that renovations were performed to the premises in 1977, but there was no evidence that the renovations were so substantial in nature that the defendant would have been required to bring the entire building into compliance with City and State building code regulations which existed at that time the plaintiff's assertion that the stairs failed to meet New York City's building code.