Publications

In their column in the New York Law Journal, Litigation Partners Bill Russell and Linton Mann III discuss Singh v. City of New York. In its recent decision, the Court affirmed an Appellate Division, Second Department decision and held that taxicab companies could not sue the city of New York and the Taxi and Limousine Commission (“TLC”) for the diminished value of their taxicab medallions because the TLC never promised to take steps to protect the value of the medallions. The case is an important example of how the court views the boundaries of the implied covenant of good faith and fair dealing claim in New York, with five judges reaffirming that New York courts will not read any additional promises into an agreement that are inconsistent with the language of the agreement, even if that means that a party to the agreement will not earn what it expected to be the fair return for entering into the agreement.

To read the full article, please click here.