Law360, New York (January 29, 2014, 2:03 PM EST) -- A top state judge on Tuesday signed a long-expected order that more than triples the money threshold for cases to be heard in Manhattan's commercial court — from $150,000 to $500,000 — and is expected to reduce caseloads for nine New York County judges burdened with busy, complex dockets.
The rule, which doesn't change the money thresholds in other counties, becomes effective on Feb. 17, according to an order signed by Chief Administrative Judge A. Gail Prudenti.
The higher threshold is a baseline, according to the...
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