Split First Department Panel Re-examines the Continuing Wrong Doctrine
By EsqSocial Corporation 08/06/21
If a party hires an investment advisor that goes on to allegedly systematically abuse its role by engaging in self-dealing in violation of its contractual obligations and fiduciary duties, when does the applicable statute of limitations period begin? Does the wrongdoing give rise to a single claim with a single statute of limitations period starting at the first incident of self-dealing, or does each individual incident of self-dealing give rise to multiple new claims, each with a new statute...
By: Patterson Belknap Webb & Tyler LLP