Global Financial Corp. v. Triarc Corp.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that New York applies “center of gravity” or “grouping of contacts” analysis to choice of law questions in contract cases
• applying statute of limitation of state where action accrued because choice of law analysis is “inapplicable to the question of statutory construction presented by C.P.L.R. § 202”
• declining to decide whether a court should “look[] to [a corporation’s] State of incorporation or its principal place of business” to determine where the corporation resides and sustains the injury, because the plaintiff’s claims were time-barred either way
• stating a preference for “a rule requiring the single determination of a plaintiffs residence” as dis-positive of the place of accrual, rather than “a rule dependent on a litany of events relevant to the ‘center of gravity’ of a contract dispute”
• “When an alleged injury is purely economic, the place of injury usually is where the plaintiff resides and sustains the economic impact of the loss.”
• “Where ... a claim is based on financial injury, the claim accrues where the plaintiff resides and sustains the economic impact of the loss.” (internal quotation marks omitted)

Source: CourtListener parenthetical corpus (CC0).