Appellate Division, First Department · October 20, 2026 · 2026 NY Slip Op 06064
IKB International S.A. in Liquidation et al. v Morgan Stanley et al.
Read the official decision: 2026 NY Slip Op 06064
Holding 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.
The court’s words
Plaintiffs may not appeal from the consent order as they are not aggrieved by that order.
2026 NY Slip Op 06064, at the official text
Supreme Court therefore properly excluded evidence concerning any loan characteristics other than LTV, CLTV and OO
2026 NY Slip Op 06064, at the official text
placing that evidence before a fact-finder would have tended to prejudice defendants
2026 NY Slip Op 06064, at the official text
| Court | Appellate Division, First Department |
|---|---|
| Decided | October 20, 2026 |
| Citation | 2026 NY Slip Op 06064 |
| Area of law | Corporate, Securities and Business · Civil Procedure |
| Week | Week ending October 24, 2026 |
| Official text | Official decision: 2026 NY Slip Op 06064 |
| Publication status | Slip opinions are uncorrected and subject to revision before publication in the Official Reports. |
| Source feed | New York slip opinion page |
| Law Watch record id | 1324 |
Recommended citation
ESQ HQ, New York Law Watch, IKB International S.A. in Liquidation et al. v Morgan Stanley et al., 2026 NY Slip Op 06064 (Appellate Division, First Department, October 20, 2026), https://esqhq.com/decisions/2026-ny-slip-op-06064/
How this record was made
Holding drafted by Law Watch’s in-house model, graded by three reviewers; every quotation verified word for word against the official text.
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