Legal Opinion
Federal Deposit Insurance v. Northwood Projects, Inc.
New York Supreme Court
Decided July 19, 1978PublishedCited by 2 opinions
1Opinion of the Court
OPINION OF THE COURT
Bernard F. McCaffrey, J.
The prinicpal issue raised in this motion is whether Saunders, one of the third-party defendants, who had never guaranteed any liability of the corporation but did sign a stockholders’ agreement as of May 3, 1971, agreeing to provide the corporation with guarantees and indemnities for the obligations, may be held liable in contribution or partial indemnity to the two third-party plaintiffs, in respect of said third-party plaintiffs’ guarantees of an obligation of the corporation which was not created until September, 1974, approximately two and…
2Cases cited9 opinions
- Rose v. Spa Realty AssociatesNew York Court of Appeals · 1977
- Weisman v. Awnair Corp. of Am.New York Court of Appeals · 1957
- Ketcham v. Hall Syndicate, Inc.New York Supreme Court · 1962
- Asylum of St. Vincent De Paul v. McGuireNew York Court of Appeals · 1925
- Holt v. St. Louis Union Trust Co.Court of Appeals for the Fourth Circuit · 1931
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3Cited by2 opinions
- FT Travel-New York, LLC v. Your Travel Center, Inc.District Court, C.D. California · 2015
- Ronwin v. Smith Barney, Harris Upham & Co., Inc.District Court, D. Nebraska · 1992