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MATTER OF YIN SHIN LEUNG CHARITABLE FOUNDATION v. SENG

10174. 654290/13.

177 A.D.3d 463 (2019)

2019 NY Slip Op 08261

In the Matter of Yin Shin Leung Charitable Foundation et al., Appellants, v. Maria Seng et al., Respondents.

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

Decided November 14, 2019.

Except for petitioner Yin Shin Leung Charitable Foundation, the parties are children of the late Seng Ping Ling, a Hong Kong businessman.

The breach of fiduciary duty claims are barred by the applicable six-year statute of limitations, since respondents had "openly repudiated" all the fiduciary duties that petitioners allege they breached by no later than November 16, 2007, and petitioners did not commence this proceeding...

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