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Understanding NY's Economic Loss Rule

New York's Economic Loss Rule is purportedly a simple common law principle. However, its evolution and application have proven to be quite the opposite. It can significantly minimize exposure in many cases, and in some instances result in the complete dismissal of a claim.

12 minute read September 02, 2017 at 12:02 AM
By
Brian P. Heermance and Christopher P. Keenoy
Understanding NY's Economic Loss Rule

New York's Economic Loss Rule is purportedly a simple common law principle. However, its evolution and application have proven to be quite the opposite.

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