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NORDBERG v. SOUTH STREET SEAPORT CORPORATION

43 A.D.3d 774 (2007)

843 N.Y.S.2d 20

PAUL C. NORDBERG, Appellant, v. SOUTH STREET SEAPORT CORPORATION et al., Respondents.

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

Decided September 27, 2007.

The causes of action seeking collection on a subordinated note from the South Street Seaport Corporation, as obligor, or by piercing the corporate veil from its affiliate, the South Street Seaport Museum, are time-barred (CPLR 213 [2]) because plaintiff did not sue within six years from the date the note matured on May 31, 1998 (see Scionti v Reid, 238 A.D.2d 496 [1997]).

Contrary to plaintiff's contentions, the subordination...

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