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Harold Moorstein v. Excelsior Ins. Co. of Syracuse

Court of Appeals of the State of New York
Nov 26, 1969
254 N.E.2d 766 (N.Y. 1969)

Opinion

Submitted October 8, 1969

Decided November 26, 1969

Appeal from the Appellate Division of the Supreme Court in the First Judicial Department, WILLIAM C. HECHT, JR., J.

Robert F. Doran for appellants.

Manuel S. Gottdenker and Milton M. Meyer for respondents.


MEMORANDUM. The order of the Appellate Division should be affirmed. The affidavits submitted on the motion for summary judgment were unanimous as to the intent of the parties to the assignment. Hence, there was no issue of fact to be determined and summary judgment was proper. However, we note that the dictum in the opinion below, interpreting Stathos v. Murphy ( 26 A.D.2d 500, affd. 19 N.Y.2d 883) to give the assignee of proceeds of a claim priority over attaching lienors, is clearly incorrect. As was pointed out in the opinion in Stathos (at pp. 503-504), the assignment of after-acquired proceeds of a claim is generally considered an assignment only of a future right and, therefore, the assignment does not give the assignee priority over lienors who have attached before the proceeds have come into existence.

Chief Judge FULD and Judges BURKE, SCILEPPI, BERGAN, BREITEL, JASEN and GIBSON concur.

Order affirmed, with costs, in a memorandum.


Summaries of

Harold Moorstein v. Excelsior Ins. Co. of Syracuse

Court of Appeals of the State of New York
Nov 26, 1969
254 N.E.2d 766 (N.Y. 1969)
Case details for

Harold Moorstein v. Excelsior Ins. Co. of Syracuse

Case Details

Full title:HAROLD MOORSTEIN CO., INC. et al., Respondents, v. EXCELSIOR INSURANCE CO…

Court:Court of Appeals of the State of New York

Date published: Nov 26, 1969

Citations

254 N.E.2d 766 (N.Y. 1969)
254 N.E.2d 766
306 N.Y.S.2d 464

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