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LEHMAN BROS., INC. v. HUGHES HUBBARD & REED

245 A.D.2d 203 (1997)

665 N.Y.S.2d 900

Lehman Brothers, Inc., Formerly Known as Shearson Lehman Brothers, Inc. Formerly Known as Shearson Lehman Hutton, Inc., et al., Appellants, v. Hughes Hubbard & Reed, L. L. P., Respondent

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

December 23, 1997

The IAS Court properly dismissed the plaintiffs' complaint, sounding in legal malpractice, as time-barred. Plaintiffs' prior Texas State court action is not a "prior action" within the meaning of CPLR 205 (a) (see, Talarico v Crimmins Contr. Co., 1995 US Dist LEXIS 10053, *6-7, [SD NY, July 18, 1995, Patterson, J.], citing Baker v Commercial Travelers Mut. Acc. Assn., 3 A.D.2d 265). Even if it were, plaintiffs' New...

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