NY Court Could Weaken Rule Shielding Banks' Overseas Cash

By Pete Brush (September 15, 2014, 6:50 PM EDT) -- Motorola Solutions Inc.'s quest to help fund a massive judgment against a wealthy Turkish family using their foreign Standard Chartered Bank assets has given New York's top court the chance to put limits on a long-standing doctrine that kept such money out of the reach of Empire State judges, lawyers say.

Front and center at oral arguments Tuesday afternoon before the New York State Court of Appeals in Albany will be the so-called separate entity rule, which as far back as the 1950s has shielded banks with a presence in New York from having to reach into the coffers of distant...

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