Page 334 A.D.3d 231, 824 N.Y.S.2d 37, 2006 N.Y. Slip Op. 07985(Cite as: 34 A.D.3d 231, 824 N.Y.S.2d 37)ing, was properly dismissed since there are no allegationsfrom which a fiduciary relationship betweenplaintiff and defendants with respect to the securitiesat issue might be inferred (cf. Chalasani v. State Bank<strong>of</strong> India, 235 A.D.2d 449, 450, 653 N.Y.S.2d 28, lv.dismissed 90 N.Y.2d 936, 664 N.Y.S.2d 273, 686N.E.2d 1368 [1997] ).We have considered the parties' remaining argumentsfor affirmative relief and find them unavailing.N.Y.A.D. 1 Dept.,2006.AMP Services Ltd. v. Walanpatrias Foundation34 A.D.3d 231, 824 N.Y.S.2d 37, 2006 N.Y. Slip Op.07985END OF DOCUMENT© 2009 Thomson Reuters. No Claim to Orig. US Gov. Works.
Page 1991 F.2d 31(Cite as: 991 F.2d 31)Westlaw Delivery Summary Report for DANIELS,JEFFREYDate/Time <strong>of</strong> Request:Wednesday, October 21, 2009 18:32 EasternClient Identifier:NALDatabase:FEDFINDCitation Text: 991 F.2d 31Lines: 398Documents: 1Images: 0The material accompanying this summary is subject to copyright. Usage is governed by contract with ThomsonReuters, West and their affiliates.United States Court <strong>of</strong> Appeals,Second Circuit.Ashley S. ORR, Receiver <strong>of</strong> American Partners, Inc.,Plaintiff-Appellee-Cross-Appellant,v.KINDERHILL CORPORATION; Thomas A. Martin;Kinderhill Investment Company; Virginia S.Martin and Vincent Teahan, as Trustee <strong>of</strong> a ThomasA. Martin Trust, Defendants,Key Bank <strong>of</strong> Eastern New York, Defendant-Appellant-Cross-Appellee.Nos. 864, 1015, Dockets 92-9108, 92-9164.Argued Jan. 28, 1993.Decided March 16, 1993.Corporation's judgment creditor brought action to setaside fraudulent conveyance against corporation, itssubsidiary, and related parties, and bank which heldmortgage on property conveyed to subsidiary by corporation.The United States District Court for theNorthern District <strong>of</strong> New York, Con. G. Cholakis, J.,entered partial summary judgments for bank andcreditor, and both appealed. The Court <strong>of</strong> Appeals,McLaughlin, Circuit Judge, held that, under NewYork law: (1) three-year statute <strong>of</strong> limitations foractions on liabilities created by statute did not applyto action to set aside fraudulent conveyance; (2) sixyearcatch-all statute <strong>of</strong> limitations applied; and (3)transfer <strong>of</strong> property to subsidiary as part <strong>of</strong> restructuringplan was not supported by fair consideration.Affirmed.West Headnotes[1] Fraudulent Conveyances 186 248186 Fraudulent Conveyances186III Remedies <strong>of</strong> Creditors and Purchasers186III(F) Time to Sue186k248 k. Time to Sue and Limitations.Most Cited CasesUnder New York law, three-year limitations periodgoverning actions on liability created by statute doesnot apply to action by judgment creditor to set asidefraudulent conveyance, even though statute governssuch actions; statute governing fraudulent conveyancedid not create new liability not available undercommon law, but, rather, simply fleshed out meaning<strong>of</strong> fraudulent conveyance by stigmatizing certainconveyances made during litigation. N.Y.McKinney'sCPLR 214, subd. 2; N.Y.McKinney's Debtor andCreditor <strong>Law</strong> § 273-a.[2] Limitation <strong>of</strong> Actions 241 34(1)241 Limitation <strong>of</strong> Actions241I Statutes <strong>of</strong> Limitation241I(B) Limitations Applicable to ParticularActions241k34 Liabilities Created by Statute241k34(1) k. In General. Most CitedCasesUnder New York law, three-year statute <strong>of</strong> limitationsfor actions on liability created by statute appliesonly when statute creates new liability that did notexist at common law and would not exist but for stat-© 2009 Thomson Reuters. No Claim to Orig. US Gov. Works.
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BAKER & HOSTETLER LLP45 Rockefeller
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BACKGROUND, THE TRUSTEE, AND STANDI
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Madoff who received fraudulent tran
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Transfers; (b) directing that the S
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TENTH CAUSE OF ACTIONDISALLOWANCE O
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111. Mrs. Madoff benefited from the
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WHEREFORE, the Trustee respectfully
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- Page 144 and 145: FRAUDULENT TRANFERENCESRonald M. Te
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