The defendants, a lawyer and his firm, brought a motion for summary judgment to dismiss the plaintiff's professional negligence action as statute-barred.
The plaintiff alleged the defendants negligently failed to perfect a construction lien, resulting in the loss of its secured position.
The plaintiff argued it did not discover the claim until the conclusion of the debtor's bankruptcy proceedings when it became clear no funds would be recovered.
The court held that the plaintiff knew or ought to have known it had suffered a loss and that a civil action was legally appropriate by October 2014, when it was advised the lien had expired.
The bankruptcy proceeding was not an alternative dispute resolution process that delayed the limitation period.
The action, commenced in 2019, was statute-barred and dismissed.