In the recently decided case of The Bank of New York Mellon Trust Company, N.A. v. Morgan Stanley Mortgage Capital, Inc. (2d Cir. April 27, 2016), a
The United States Court of Appeals for the Second Circuit Court has affirmed a trial court's decision to dismiss a bad faith claim against the primary insurer brought by excess insurers, holding that, under New York law, the jury's finding that the primary insurer did not act in "gross disregard" of the rights of the excess insurers precluded a finding of bad faith.
The U.S. Court of Appeals for the Second Circuit recently issued an opinion that enforces an energy trading company’s contractual rights to an early termination payment under a long-dated contract.
In Morris v. Schroder Capital Management International (November 2006), the New York Court of Appeals recently issued a decision concerning the "employee choice doctrine."