Coty v. Steigerwald

—Judgment unanimously reversed on the law without costs, verdict set aside, counterclaims dismissed and new trial granted. Memorandum: Plaintiff commenced this action when she discovered that the assets and jewelry she had entrusted to defendants over a 15-year period were gone and that approximately $291,000 in unsecured loans from defendant Cayuga Savings Bank (Bank) in plaintiff’s name were outstanding. The jury awarded plaintiff damages of $1,500,000 on the causes of action for breach of fiduciary duty, conversion of property, negligent misrepresentation, and violation of the Consumer…