Liquidation of Union Indemnity Insurance v. Wong

Judgment, Supreme Court, New York County (Karla Moskowitz, J.), entered May 27, 2004, awarding plaintiff liquidator $85,000, plus interest, costs and disbursements, pursuant to an order which, in an action by plaintiff on an investor bond in which the insolvent insurance company guaranteed payment of an $85,000 promissory note made by defendant to purchase a certain investment and defendant agreed to indemnify the insolvent insurance company for any amount it paid on such guarantee, inter alia, granted plaintiffs motion for partial summary judgment on the cause of action to recover the…