Bear, Stearns & Co. v. D. F. King & Co.

Order, Supreme Court, New York County (Carol Arber, J.), entered March 21, 1997, granting defendant Cronin’s motion for interim indemnification pursuant to Business Corporation Law § 724, unanimously reversed, on the law, with costs, and the motion for interim indemnification denied.

Defendant-appellant is a Delaware corporation doing business in New York, whose ex-employee, defendant-respondent, is alleged here to have improperly obtained information regarding plaintiffs customers during the term of his employment. *253The question before us is whether defendant-appellant should be obliged, over…