Schiavone Construction Co. v. Elgood Mayo Corp.

holding that under the economic loss rule, if an alleged product malfunction is alleged to have caused purely economic loss, then the end-purchaser is limited to contract claims against the manufacturer and may not seek damages in tort | reversing grant of leave to amend to add strict liability claim for pure economic injury | ‘“New York law holds that a negligence action seeking recovery for economic loss will not lie.’ ” | embracing the views expressed in Justice Silverman's dissenting opinion | embracing the views expressed in Justice Silverman’s dissenting opinion | reversing 81 A.D.2d 221, 439 N.Y.S.2d 933 (1st Dep’t.1981) | adopting the dissenting opinion of Silverman, J. | adopting dissenting opinion of Silverman, J. | adopting dissenting opinion of Silverman, J. | adopting Judge Silverman’s dissenting opinion