Concord Factors Corp. v. Lipman

The complaint of the plaintiff sets forth eight causes of action based upon the guarantee of the sole defendant Stanley H. Lipman of loans made by the plaintiff to eight named corporations.

The complaint of the defendant and third-party plaintiff Lip-man against the third-party defendants Drykerman, du Kor and Goldstein is based upon the alleged agreement of the third-party defendants to indemnify the defendant and third-party plaintiff with respect to Lipman’s claimed obligation to the plaintiff. In their answer, the third-party defendants Drykerman and du Kor have asserted counterclaims,…