I.H. Greenwald Associates, Inc. v. Cooper

Determination of the respondent Superintendent of Insurance dated December 19, 1989, which revoked petitioners’ insurance broker’s licenses and imposed monetary sanctions total-ling $117,000, is unanimously modified on the law, the CPLR article 78 petition (transferred to this Court by Order of the Supreme Court, New York County [Norman Ryp, J.], entered on or about May 30, 1990) is granted to the extent of annul- ;, on the law, the penalty imposed and remanding the latter for reconsideration of the penalty and the determination is otherwise confirmed, without costs.

*467There is no merit to…