Quadrant Structured Products Co. v. Vertin

New York Court of Appeals · Decided 2014-06-10

Cited by 104 later decision(s) in our corpus · see the citation network in Lexace

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From the opinion

OPINION OF THE COURT Rivera, J. In response to the first certified question from the Supreme Court of the State of Delaware, we conclude that a trust indenture’s “no-action” clause that specifically precludes enforcement of contractual claims arising under the indenture, but omits reference to “the Securities,” does not bar a security-holder’s independent common-law or statutory claims. Accordingly, we answe…

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