Dye v. Lincoln First Bank

Memorandum. Order affirmed, with costs, on the reasons set forth in the opinion of the Appellate Division and because the prior grant of summary judgment, the "procedural equivalent of a trial” (Falk v Goodman, 7 NY2d 87, 91), is a binding final judgment on the merits which bars a subsequent action between the same parties for the same cause of action (Eidelberg v Zellermayer, 5 AD2d 658, 662-663, affd 6 NY2d 815; see, also, Klein v Gruss & Son, 18 AD2d 1085; Riley v Southern Transp. Co., 278 App Div 605; 6 Carmody-Wait, 2d, NY Practice, § 39:39, p 492).

Chief Judge Breitel and Judges Jasen,…