Tierra Properties v. A.I. Lloyd's Insurance

Order and judgment (one paper), Supreme Court, New York County (Carmen Beau-champ Ciparick, J.), entered on or about October 7, 1992, which granted the motion by defendant for summary judgment pursuant to CPLR 3212 dismissing the plaintiff’s complaint in an action to recover insurance proceeds, and which denied the cross motion by plaintiff for summary judgment pursuant to CPLR 3212 against the defendant for the principal sum of $400,000, and for leave to amend its complaint pursuant to CPLR 3025 (b) to add a cause of action for punitive damages, modified, on the law, to the extent of *289denying…