Globalnet Financial. com v. Frank Crystal & Co., 449 F. 3d 377 - Court of Appeals, 2nd Circuit 2006

Plaintiff-appellant GlobalNet Financial.com, Inc. ( GlobalNet ) appeals from a summary judgment entered in the United States District Court for the Southern District of New York (Sweet, J.) in favor of defendant-appellee Frank Crystal & Co., Inc. ( Crystal ). The action was brought against Crystal, an insurance broker, to recover damages arising from Crystal\u27s failure to transmit insurance cancellation notices to GlobalNet. The District Court determined that (i) New York law should apply to GlobalNet\u27s contract claims; (ii) New York law should apply to GlobalNet\u27s tort claims; and (iii) having applied New York law, Crystal was entitled to judgment as a matter of law