Global Financial Corp., Appellant v. Triarc Corporation, Formerly Known as DWG Corporation, Respondent

Summary

The New York Court of Appeals held that under CPLR 202 a nonresident's contract and quantum meruit claim accrues where the plaintiff sustains the economic injury—typically the plaintiff's state of residence—rather than where the contract was performed, and affirmed the dismissal of the complaint as time‑barred under the applicable foreign statutes.