New York Law Watch
Corporate, Securities and Business: 2026 decisions
Business entities and investor disputes are grouped here, including decisions on corporate control, fiduciary obligations and liability among related entities.
For Corporate, Securities and Business, 2026 decisions, Law Watch lists 17 indexable decisions dated September 17, 2026 to November 12, 2026 across 9 decision weeks.
17 decision records: 17 meet the substance floor.
Week ending November 14, 2026
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- Matter of McGruder v Abyssinian Baptist Church in the City of N.Y., Inc.2026 NY Slip Op 06576
The court affirmed the dismissal of a petition to set aside a pastoral election, finding that the church bylaws required election by a majority of votes cast rather than all eligible members. The court further held that the petitioners’ allegations of irregularities were conclusory and failed to demonstrate fraud or a substantial likelihood that the election outcome was affected.
Week ending November 7, 2026
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- Manzo v Scanlon2026 NY Slip Op 06428
The Appellate Division reversed the lower court’s grant of summary judgment dismissing the complaint, finding that the plaintiffs raised a triable issue of fact regarding the corporation’s capacity through evidence of reinstatement and that the law of the case doctrine did not bar the individual plaintiff’s claim. The matter was remitted for a new determination of the plaintiffs’ cross-motion for summary judgment.
Week ending October 31, 2026
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- Brigade Cavalry Fund Ltd. v Chirico2026 NY Slip Op 06382
The court dismissed the fraud claims based on financial projections due to a lack of justifiable reliance and adequate due diligence by the sophisticated investor. Additionally, the North Carolina Securities Act claim was dismissed to the extent it relied on financial projections, while the officer’s certificate claim failed for lack of sufficient scienter allegations.
- Matter of Deutschmann v Deutschmann Partners, LLC2026 NY Slip Op 06304
The Appellate Division affirmed the lower court’s order granting the petition to decree the dissolution of the limited partnerships. The court determined that the petitioners established that the agreed-upon conditions for judicial dissolution were met and that no triable issues of fact were raised.
- Matter of Deutschmann v Deutschmann Partners, LLC2026 NY Slip Op 06303
The Supreme Court properly denied the motion to dismiss the petition for dissolution and appointment of a receiver because the appellants failed to conclusively establish that the LLC was validly admitted as a general partner. The evidence submitted was ambiguous and of disputed authenticity, failing to meet the strict standard for dismissal under CPLR 3211(a)(1).
Week ending October 24, 2026
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- Matter of Coven v Neptune Equities, Inc.2026 NY Slip Op 06114
The Supreme Court did not improvidently exercise its discretion in denying the petition for judicial dissolution because the record failed to demonstrate that the dissension between the parties precluded the successful and profitable conduct of the corporation’s affairs. The court emphasized that the critical consideration is whether a deadlock exists, not who is at fault for the dissension.
- IKB International S.A. in Liquidation et al. v Morgan Stanley et al.2026 NY Slip Op 06064
The court affirmed the exclusion of evidence regarding collateral characteristics and securitizations not specifically alleged in the complaint, finding that such evidence would prejudice the defendants. Additionally, the court dismissed the appeal from the consent order because the plaintiffs were not aggrieved by the dismissal of their own complaint.
- Alesco Preferred Funding VIII, Ltd. v ACP Re, Ltd.2026 NY Slip Op 06059
The court granted summary judgment dismissing claims against defendants for breach of indenture, common-law successor liability, alter ego, tortious interference, fraud, and breach of fiduciary duty. It held that unrebutted expert testimony established the defendants were not contractual successors, and that New York law did not apply to the common-law successor liability claim against ACP Re due to minimal Bermuda contacts.
Week ending October 17, 2026
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- RBL Bank Limited v Veria Lifestyle Inc., et al.2026 NY Slip Op 06033
The court affirmed the summary judgment in favor of the plaintiff, holding that the foreign bank’s sporadic dealings did not constitute doing business in New York, thus exempting it from registration requirements. Additionally, the defendants waived the Banking Law defense by failing to plead it initially and by not appealing the denial of their motion to amend.
- Vashovsky v Zablocki2026 NY Slip Op 05992
The Supreme Court properly denied the plaintiff’s motion for leave to amend the complaint to assert RICO and fraud claims because the proposed causes of action were palpably insufficient. Additionally, the court correctly denied the defendants’ motion for summary judgment on their breach of contract counterclaim because the plaintiff raised a triable issue of fact regarding waiver.
- Castleman v Interactive Brokers LLC2026 NY Slip Op 05904
The in pari delicto doctrine bars a federal equity receiver from suing a third party for negligence or aiding and abetting breach of fiduciary duty because the receiver stands in the shoes of the wrongdoing corporation. The adverse interest exception does not apply because the wrongdoer was the sole owner of the entity at the time of the misconduct.
Week ending October 10, 2026
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- RMX Foods, Inc. v Adelson2026 NY Slip Op 05819
The court affirmed the dismissal of the first and second causes of action, deeming them motions for declaratory judgment in favor of the defendants, because the stockholders agreement unambiguously permitted the Adelsons to retain their shares. The court also affirmed the dismissal of the third cause of action as time-barred under the statute of limitations for breach of contract.
- IKB Intl. S.A. v U.S. Bank, N.A.2026 NY Slip Op 05726
The court reinstated claims regarding disclosed noncompliance events of default and mortgage file defects, finding that issues of fact precluded summary judgment and that liquidation does not automatically bar repurchase enforcement claims. It also granted plaintiffs summary judgment on standing for specific contract claims while dismissing claims based on ratings downgrades that did not meet the required threshold.
Week ending October 3, 2026
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- Hakim v Hakim2026 NY Slip Op 05598
The court affirmed the dismissal of a counterclaim on a promissory note because it was based on past consideration without an explicit written recitation or valid antecedent obligation. Additionally, the court upheld the grant of an accounting for a partnership dissolution, noting that a fiduciary relationship exists between partners and an accounting is the proper method for winding up a partnership.
Week ending September 26, 2026
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- Matter of UBS Sec. LLC v Dondero2026 NY Slip Op 05460
The court held that the ‘transaction attacked’ in a veil-piercing claim can be a subsequent asset transfer designed to frustrate judgment recovery, not just the original underlying transaction. While the alter ego claim against Dondero survived for the corporate entities, it was dismissed regarding limited partnerships and against Ellington for lack of sufficient allegations of complete domination.
- Matter of Rizzotto v Romano2026 NY Slip Op 05401
The Supreme Court erred in denying the petition for judicial dissolution of a closely held corporation without conducting a hearing. Because the verified petition and supporting papers were prima facie sufficient to establish a basis for dissolution under Business Corporation Law § 1104-a, a hearing was required to resolve the conflicting claims regarding the relevant facts.
Week ending September 19, 2026
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- Matter of Wells Fargo Bank v HBK Master Fund L.P.2026 NY Slip Op 05368
The Appellate Division affirmed the lower court’s determination that payments of previously deferred principal under HAMP modifications should be treated as Subsequent Recoveries under the Pooling and Servicing Agreements. Although the payments did not fit squarely within the contractual definition, the court held they should be treated as such based on the PSAs’ structure and the parties’ course of performance.