Case Name: International Strategies Group, Ltd, Respondent-Appellant, v. ABN AMRO Bank N.V., Respondent, and First Merchant Bank OSH Ltd., Appellant
Court: New York Supreme Court, Appellate Division
Jurisdiction: New York
Decision Date: 2008-03-27
Citations: 49 A.D.3d 474
Docket Number: 
Parties: International Strategies Group, Ltd, Respondent-Appellant, v ABN AMRO Bank N.V., Respondent, and First Merchant Bank OSH Ltd., Appellant.
Judges: 
Reporter: Appellate Division Reports
Volume: 49
Pages: 474–475

Head Matter:
International Strategies Group, Ltd, Respondent-Appellant, v ABN AMRO Bank N.V., Respondent, and First Merchant Bank OSH Ltd., Appellant.
[853 NYS2d 878]

Opinion:
The motion court correctly applied an actual knowledge standard in deciding that plaintiffs allegations are insufficient to state a cause of action against defendant-respondent for aiding and abetting defendant-appellant's alleged fraud (see National Westminster Bank v Weksel, 124 AD2d 144, 149 [1987], lv denied 70 NY2d 604 [1987]; see also JP Morgan Chase Bank v Winnick, 406 F Supp 2d 247, 252 n 4 [SD NY 2005]; cf. Williams v Sidley Austin Brown & Wood, L.L.P., 38 AD3d 219, 220 [2007]). We reject defendant-appellant's argument that the documentary evidence conclusively establishes that plaintiffs assignor was aware of the alleged fraud more than three years prior to institution of the action, and that the action is therefore barred by California's statute of limitations. We have considered the parties' other arguments for affirmative relief and find them unavailing. Concur—Mazzarelli, J.P., Saxe, Buckley and Catterson, JJ.