Legal Opinion
Krause v. American Guarantee & Liability Insurance
Appellate Division of the Supreme Court of the State of New York
Decided April 27, 1967PublishedCited by 5 opinions
1Opinion of the CourtSteuer, J.
Plaintiff is a trustee for the benefit of creditors of D. R. Comenzo & Co., Inc., a brokerage firm. Hereinafter the cestui will be referred to as plaintiff. Defendant, an insurance company, issued to plaintiff a broker’s blanket bond insuring against certain losses. Plaintiff claims that it suffered such losses because of its extension of credit on certain warehouse receipts alleged to have been fraudulently issued by two warehouse companies. The receipts in question are a part of the notorious “ salad oil swindle.”
The third-party complaint is against American Express Company, For the…
2Cases cited4 opinions
- St. Paul Fire & Marine Insurance Co., and Third Party v. United States Lines Company, Third PartyCourt of Appeals for the Second Circuit · 1958
- Hartford Accident & Indemnity Co. v. First National Bank & Trust Co.New York Court of Appeals · 1939
- Psaty & Fuhrman, Inc. v. Continental Casualty Co.Appellate Division of the Supreme Court of the State of New York · 1951
- Madison Avenue Properties Corp. v. Royal InsuranceAppellate Division of the Supreme Court of the State of New York · 1953
3Cited by5 opinions
- Mars Associates, Inc. v. New York City Educational Construction FundAppellate Division of the Supreme Court of the State of New York · 1987
- Burgundy Basin Inn, Ltd. v. Watkins Glen Grand Prix Corp.Appellate Division of the Supreme Court of the State of New York · 1976
- Wallace v. National Railroad Passenger Corp.District Court, S.D. New York · 2014
- Kozlowski v. Grammercy House Owners Corp.Appellate Division of the Supreme Court of the State of New York · 2007
- Town of Wappinger v. Republic InsuranceAppellate Division of the Supreme Court of the State of New York · 1982