Alex Levi Publishes Article Analyzing a Recent Decision Making It Easier for Creditors to Obtain Speedier Judgments in New York State Courts
Law360 has published an “Expert Analysis” article authored by Friedman Kaplan litigation partner Alexander D. Levi analyzing a recent New York Appellate Division decision, Marjan International Corp. v. Lillian August Designs, Inc., that is likely to make it easier for creditors to take advantage of an expedited enforcement procedure in New York state courts for many promissory notes, guaranties, and other “instruments for the payment of money only.” The article explains the significance of the Marjan decision, as well as its potential limitations, for creditors looking to save significant time and litigation expense by invoking a New York CPLR 3213 which allows creditors to move for summary judgment in lieu of complaint.
The full text of the article can be accessed below.