LEHMAN BROTHERS INTERNATIONAL v. AG FINANCIAL PRODUCTS, INC.

Index No. 653284/11, Appeal No. 1845, Case No. 2023-03409.

2024 NY Slip Op 01346

LEHMAN BROTHERS INTERNATIONAL (EUROPE) (IN ADMINISTRATION), Plaintiff-Appellant, v. AG FINANCIAL PRODUCTS, INC., Defendant-Respondent.

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

Decided March 14, 2024.


Attorney(s) appearing for the Case

Quinn Emanuel Urquhart & Sullivan LLP, New York ( Andrew J. Rossman of counsel), for appellant.

Cleary Gottlieb Steen & Hamilton LLP, New York ( Roger A. Cooper of counsel), for respondent.

Before: Webber, J.P., Oing, González, Kennedy, Shulman, JJ.


Judgment, Supreme Court, New York County (Melissa A. Crane, J.), entered June 30, 2023, dismissing plaintiff's remaining cause of action after a bench trial and awarding defendant/counterclaim plaintiff $20,663,300.20, plus interest, unanimously affirmed, with costs.

We affirm for the reasons set forth in Supreme Court's well-reasoned decision.

"In a nonjury trial, the decision of the fact-finding court should not be disturbed upon appeal unless it is obvious...

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