SAPHIR INTERNATIONAL v. UBS PAINEWEBBER INC.


25 A.D.3d 315 (2006)

807 N.Y.S.2d 58

SAPHIR INTERNATIONAL, SA, Appellant, v. UBS PAINEWEBBER INC. et al., Respondents, et al., Defendant.

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

January 3, 2006.


An action alleging a cause of action for fraud must be commenced within six years from the time of the fraud or within two years from the time the fraud was discovered or, with reasonable diligence, could have been discovered (see CPLR 213 [8]; 203 [g]; Miller v Polow, 14 A.D.3d 368 [2005]; Yatter v William Morris Agency, 268 A.D.2d 335 [2000]). In New York, "the

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