Home » Landmark Cases

Landmark Cases

Banque Worms, S.A. v. Bank America International, 77 N.Y.2d 362; 568 N.Y.S.2d 541 (N.Y. 1991)
Successfully representing bank recipient of electronic funds transfer of $2,000,000 mistakenly paid over stop payment order, persuading New York Court of Appeals to adopt a rule of law, known as the discharge for value rule, allowing bank to retain funds and shifting loss due to insolvency to erring bank
PNC Bank, N.A. v. Millman, 164 F.3d 785 (2nd Cir. 1999)
Successfully representing creditor in setting aside conveyances of monies to trusts established for the benefit of children of debtor and in upholding claim to set aside conveyance of real property
Movado Group, Inc. v Presberg, 259 A.D.2d 371, 687 N.Y.S.2d 116 (N.Y. App. Div. 1st Dept. 1999)
Successfully obtaining reversal of trial court ruling that creditor’s guaranty lacked consideration and was limited
Port Distributing Corp. v. Pflaumer, 880 F. Supp. 204 (S.D.N.Y. 1995), aff’d 70 F.3rd 8 (2nd Cir. 1995)
Successfully defending guarantor against claim by seller of business on ground that seller failed to timely perfect security interest in the assets of the business
Michigan National Bank, N.A. v Stein & Day Publishing, Inc.
Successfully representing secured lender in Chapter 11 proceeding of a publishing company, enforcing secured creditor’s security interests and mortgages and realizing proceeds of underlying collateral
National Bank of Canada v. Artex Industries, Inc., 627 F. Supp. 610 (S.D.N.Y. 1986)
Successfully recovering monies paid by mistake