Appellate Division of the Supreme Court of the State of New York February 23, 2017, 651695/15 2205 (Norddeutsche Landesbank Girozentrale v. Tilton)

OPINION OF THE COURT

Mazzarelli, J.P.

In January 2005, plaintiffs purchased $75 million of notes issued by the collateralized debt obligation (CDO) fund Zohar II 2005-1, Limited (Zohar II). In April 2007, plaintiffs purchased $60 million of notes issued by CDO fund Zohar III, Limited (Zohar III and, together with Zohar II, the Funds).