Legal Opinion
Streng Oldsmobile, Inc. v. Fleet Bank
Appellate Division of the Supreme Court of the State of New York
Decided December 31, 1997PublishedCited by 5 opinions
1Opinion of the Court
—Order unanimously affirmed without costs. Memorandum: Plaintiff opened several accounts at Liberty Bank (Liberty) in 1979. Liberty was purchased by Norstar Bank, N. A., which was purchased in 1991 by Fleet Bank of New York (defendants). Between 1988 and 1992, plaintiff’s office manager, Sanford Cohen, embezzled at least $235,000 in cash from plaintiff’s repair receipts. To cover up his actions, Cohen utilized plaintiffs accounts at defendant banks. The complaint alleged, inter alia, that Cohen transferred funds among plaintiffs accounts without authorization; withdrew funds to purchase bank…
2Cases cited7 opinions
- Prudential-Bache Securities, Inc. v. Citibank, N. A.New York Court of Appeals · 1989
- Calisch Associates, Inc. v. Manufacturers Hanover Trust Co.Appellate Division of the Supreme Court of the State of New York · 1989
- Kosic v. Marine Midland BankAppellate Division of the Supreme Court of the State of New York · 1980
- Kosic v. Marine Midland BankNew York Court of Appeals · 1981
- United States Trust Co. v. McSweeneyAppellate Division of the Supreme Court of the State of New York · 1982
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3Cited by5 opinions
- Bogdan & Faist, P.C. v. CAI Wireless Systems, Inc.Appellate Division of the Supreme Court of the State of New York · 2002
- Banco Di Roma v. Merchants BankAppellate Division of the Supreme Court of the State of New York · 1998
- Buffalo & Erie County Regional Development Corp. v. World Auto Parts, Inc.Appellate Division of the Supreme Court of the State of New York · 2003
- Young Soon Kim v. TD Ameritrade, Inc.District Court, N.D. Illinois · 2012
- Telmark LLC v. GrunderAppellate Division of the Supreme Court of the State of New York · 2003