Legal Opinion
In the Matter of Modern Settings, Inc.
United States Bankruptcy Court, E.D. New York
Decided May 28, 1987No. 1-19-40675PublishedCited by 2 opinions
1Opinion of the Court
DECISION
MARVIN A. HOLLAND, Bankruptcy Judge:
The debtor, Modem Settings, Inc., sustained a $5,364,674 burglary loss over the Memorial Day weekend of 1982. The debt- or’s insurers, First State Insurance Company and Federal Insurance Company (collectively referred to as “insurers”) paid to the debtor the sum of $3,875,000 and commenced an action in the name of the insured debtor in the Supreme Court, State of New York, County of New York against A.D.T. Company, Inc., et ano, who, it was alleged, had with gross negligence failed to properly maintain the debtor’s alarm system.
An offer of…
2Cases cited9 opinions
- Fortunato v. . PattenNew York Court of Appeals · 1895
- In the Matter of Law Research Service, Inc. v. John Herbert CrookCourt of Appeals for the Second Circuit · 1975
- Stathos v. MurphyAppellate Division of the Supreme Court of the State of New York · 1966
- Tri City Roofers, Inc. v. Northeastern Industrial ParkNew York Court of Appeals · 1984
- Stathos v. MurphyNew York Court of Appeals · 1967
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3Cited by2 opinions
- Dewhirst v. Citibank (Arizona) (In re Contractors Equipment Supply Co.)Court of Appeals for the Ninth Circuit · 1988
- 19 Collier bankr.cas.2d 1254, Bankr. L. Rep. P 72,527, 7 Ucc rep.serv.2d 583 in Re Contractors Equipment Supply Co., Debtor, Iris Dewhirst v. Citibank (Arizona), Creditor-AppellantCourt of Appeals for the Ninth Circuit · 1988