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GLOBAL FIN. CORP. v. TRIARC

93 N.Y.2d 525 (1999)

715 N.E.2d 482

693 N.Y.S.2d 479

GLOBAL FINANCIAL CORP., Appellant, v. TRIARC CORPORATION, Formerly Known as DWG CORPORATION, Respondent.

Court of Appeals of the State of New York.

Decided June 10, 1999.

Attorney(s) appearing for the Case

Richardson Mahon Casey & Rooney, L. L. P., New York City (Christopher S. Rooney of counsel), for appellant.

Paul, Weiss, Rifkind, Wharton & Garrison, New York City (Jonathan H. Hurwitz, Max Gitter and Wendy J. Schechter of counsel), for respondent.

Judges BELLACOSA, SMITH, LEVINE, CIPARICK, WESLEY and ROSENBLATT concur.

OPINION OF THE COURT

Chief Judge KAYE.

This appeal places before us a long-simmering question: where does a nonresident's contract claim accrue for purposes of the Statute of Limitations? CPLR 202 requires our courts to "borrow" the Statute of Limitations of a foreign jurisdiction where a nonresident's cause of action accrued, if that limitations period is shorter than New York's. The primary issue presented by this appeal is whether, for purposes of CPLR...

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