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PARAMOUNT CORP. v. ALLIANZ AG

No. 16.

31 N.Y.3d 64 (2018)

96 N.E.3d 737

73 N.Y.S.3d 472

2018 NY Slip Op 01150

PARAMOUNT PICTURES CORPORATION, Appellant, v. ALLIANZ RISK TRANSFER AG et al., Respondents, et al., Defendant.

Court of Appeals of New York.

Decided February 20, 2018.

Attorney(s) appearing for the Case

Kendall Brill & Kelly LLP, Los Angeles, California ( Richard B. Kendall , of the California bar, admitted pro hac vice, of counsel), and Pillsbury Winthrop Shaw Pittman LLP, New York City ( E. Leo Milonas and Edward Flanders , of counsel), for appellant.

Pryor Cashman LLP, New York City ( James A. Janowitz , William L. Charron , Bryan T. Mohler and Benjamin S. Akley of counsel), and Harris Beach PLLC, Albany ( Victoria A. Graffeo of counsel), for respondents.

Judges STEIN and FAHEY concur; Judge RIVERA concurs in result in an opinion, in which Chief Judge DiFIORE concurs; Judge WILSON dissents in an opinion; Judge FEINMAN taking no part.

OPINION OF THE COURT

Nearly 10 years ago, following an unsuccessful investment venture, the parties began litigating their dispute in federal court. The district court entered judgment in favor of Paramount Pictures Corporation — the defendant in that action — and...

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