Legal Opinion
Hartford Accident & Indemnity Co. v. American Express Co.
New York Court of Appeals
Decided July 11, 1989PublishedCited by 81 opinions
1Opinion of the Court
OPINION OF THE COURT
Kaye, J.
Stratford Skalkos, formerly manager of the import/export transportation department of Avon Products, Inc., had authority to requisition checks up to $25,000 on his signature alone. For nearly three years, Skalkos used that authority to perpetrate a fraud on Avon, by requisitioning corporate checks totaling $162,538.65 to pay his own debts. This case represents an effort to recover a portion of those proceeds from defendant payees.
Skalkos followed a simple pattern: on check requisitions to Avon he altered the names of the payees just enough to obscure immediate…
2Cases cited23 opinions
- Underpinning & Foundation Constructors, Inc. v. Chase Manhattan Bank, N.A.New York Court of Appeals · 1979
- Prudential-Bache Securities, Inc. v. Citibank, N. A.New York Court of Appeals · 1989
- Chemical Bank v. HaskellNew York Court of Appeals · 1980
- First International Bank of Israel, Ltd. v. L. Blankstein & Son, Inc.New York Court of Appeals · 1983
- Sims v. . U.S. Trust Co. of New YorkNew York Court of Appeals · 1886
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3Cited by81 opinions
- Silverman v. Actrade Capital, Inc. (In Re Actrade Financial Technologies Ltd.)United States Bankruptcy Court, S.D. New York · 2005
- Putnam Rolling Ladder Co. v. Manufacturers Hanover Trust Co.New York Court of Appeals · 1989
- Deutsche Bank National Trust Company v. MonicaAppellate Division of the Supreme Court of the State of New York · 2015
- State v. Barclays Bank of New York, N. A.New York Court of Appeals · 1990
- Securities & Exchange Commission v. Lehman Brothers, Inc.Court of Appeals for the First Circuit · 1998
76 more not listed; retrieve them via the Exa API.