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21 Mar 2022, 4:29 am
But because the limitations period on a claim for an accounting against a fiduciary does not begin to run until there is an open repudiation of the fiduciary’s obligation (Homapour v Harounian, 182 AD3d 426, 430 [1st Dept 2020]), FER argued that irrespective of the timeliness of its contract claims, its demand that Harmony account for all transactions of MAIP and settle them as appropriate was timely because the fiduciary relationship between FER and Harmony… [read post]