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BANK LEUMI USA v. GM DIAMONDS, INC.

150474/15, 3850, 3849.

149 A.D.3d 662 (2017)

2017 NY Slip Op 03266

53 N.Y.S.3d 630

BANK LEUMI USA, Respondent, v. GM DIAMONDS, INC., et al., Appellants, et al., Defendants.

Appellate Division of the Supreme Court of New York, First Department.

Decided April 27, 2017.

With respect to appellants' contention that plaintiff's disposition of GM Diamonds' collateral was commercially unreasonable, plaintiff presented prima facie evidence that it disposed of the diamond collateral in a commercially reasonable manner (UCC 9-627 [b]; Merchants Bank of N.Y. v Gold Lane Corp., 28 A.D.3d 266, 268-269 [1st Dept 2006]). Prior to putting the goods up for auction, plaintiff had at least two persons with expertise...

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