New York Court of Appeals, 1988

Pearl-Wick Corp. v. Chase Manhattan Bank

New York Court of Appeals · Decided March 17, 1988

71 N.Y.2d 823; 527 N.Y.S.2d 756; 522 N.E.2d 1054; 1988 N.Y. LEXIS 217

Opinion of the Court

OPINION OF THE COURT

Order affirmed, with costs. For the reasons stated in the Appellate Division memorandum (125 AD2d 249), the first, second and fourth causes of action were barred by the Statute of Limitations, and the third cause of action was properly dismissed for failure to state a valid basis for relief.

Concur: Chief Judge Wachtler and Judges Simons, Kaye, Alexander, Hancock, Jr., Bellacosa and Dillon.*

Designated pursuant to NY Constitution, article VI, § 2.

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