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PEOPLE v. CREDIT SUISSE SEC.

No. 40.

31 N.Y.3d 622 (2018)

107 N.E.3d 515

82 N.Y.S.3d 295

2018 NY Slip Op 04272

THE PEOPLE OF THE STATE OF NEW YORK, by ERIC T. SCHNEIDERMAN, Attorney General of the State of New York, Respondent, v. CREDIT SUISSE SECURITIES (USA) LLC, Formerly Known as CREDIT SUISSE FIRST BOSTON LLC, et al., Appellants.

Court of Appeals of New York.

Decided June 12, 2018.

Attorney(s) appearing for the Case

Cravath, Swaine & Moore LLP, New York City ( Richard W. Clary , Michael T. Reynolds and Lauren A. Moskowitz of counsel), for appellants.

Barbara D. Underwood , Attorney General, New York City ( Andrew W. Amend and Steven C. Wu of counsel), for respondent.

Latham & Watkins LLP, New York City ( Jonathan Lippman of counsel), Greenberg Traurig LLP, New York City ( Carmen Beauchamp Ciparick of counsel), Whiteman Osterman & Hanna LLP, Albany ( Howard A. Levine of counsel), and Friedman Kaplan Seiler & Adelman LLP, New York City ( Robert S. Smith of counsel), for Jonathan Lippman and others, amici curiae.

OPINION OF THE COURT

In this action brought by the Attorney General, the primary issue is whether Martin Act (General Business Law art 23-A, § 352 et seq.) claims are governed by the three-year statute of limitations in CPLR 214 (2) or the six-year limitations...

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