Blog Posts in March, 2015

Judge Tells CNBC Host It Wasn't Enough to Get It On Camera

Reality shows featuring charismatic hosts swooping in to save struggling businesses have become a staple of modern television. These programs typically involve the owner receiving consulting services and business improvements in exchange for appearing on the show and taking the host's advice. But, is appearing on a reality show enough to create a legally binding contract in the State of New York? ...

How Pre-Judgment Interest Can Be a Major Post-Trial Problem

Pre-judgment interest is an often overlooked issue in personal injury cases. This refers to the interest accrued once a judgment is entered but before it is paid. So if you are in a car accident, sue the other driver and win a $100,000 judgment, you would then be entitled to interest on that money until it is fully paid. In New York State courts, the standard pre-judgment interest rate is 9% per ...

New York Court of Appeals Reverses $300M Summary Judgment in Contract Dispute

Breach of contract cases often turn on the interpretation of precise language contained in the original agreement between the parties. Each party may believe they are following the contract to the letter, even when that results in conflicting interpretations. A recent decision by the New York Court of Appeals illustrates how millions of dollars can turn on such interpretations. BDC Finance L.L.C. ...