LORELEY FIN. LTD. v. UBS LTD.

651785/2012

42 Misc.3d 858 (2013)

978 N.Y.S.2d 615

2013 NY Slip Op 23447

LORELEY FINANCING (JERSEY) No. 4 LIMITED et al., Plaintiffs, v. UBS LIMITED et al., Defendants.

Supreme Court, New York County.

Decided December 24, 2013.


Attorney(s) appearing for the Case

Kasowitz, Benson, Torres & Friedman LLP, and Carter Ledyard & Milburn LLP, for plaintiffs.

Paul, Weiss, Rifkind, Wharton & Garrison LLP for UBS Limited and others, defendants.

Debevoise & Plimpton LLP for Declaration Management & Research LLC, defendant.


OPINION OF THE COURT

SHIRLEY WERNER KORNREICH, J.

Plaintiffs move for reargument and renewal of the court's order dated April 5, 2013 (the April order), which dismissed the complaint with prejudice. Plaintiffs' motion is denied for the reasons that follow.

The court assumes familiarity with the April order, which sets forth the facts in detail.1 In short, plaintiffs are special purpose investment vehicles managed by IKB...

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