From Casetext: Smarter Legal Research

New Haven Properties Ltd. v. Grinberg

Appellate Division of the Supreme Court of New York, First Department
Apr 23, 2002
293 A.D.2d 386 (N.Y. App. Div. 2002)

Opinion

843

April 23, 2002.

Order, Supreme Court, New York County (Helen Freedman, J.), entered November 13, 2000, which, inter alia, granted plaintiff's motion for partial summary judgment on its causes of action against defendants for conversion and money had and received, unanimously affirmed, with costs.

JEFFREY C. DANNENBERG, for plaintiff-respondent.

ARMAND P. MELE, for defendants-appellants.

Before: Nardelli, J.P., Tom, Buckley, Rosenberger, Ellerin, JJ.


It appears that plaintiff, which finances import-export ventures, deposited $2 million, on behalf of a customer, in an account controlled by defendants, which also finances import-export ventures, and that defendants agreed to return the money to plaintiff in the event a certain letter of credit was not issued. The letter of credit was not issued but defendants refused to return the deposit. At first defendants represented, both in writing and to the court, that they took possession of the deposit to offset a debt allegedly owed them by plaintiff's customer in connection with an unrelated transaction, but defendants now assert that the money was seized by the bank to which it had applied for the letter of credit. Apart from the fact that this revised version of events has no support in and indeed is contradicted by the record, defendants fail to explain their prior admission that they took possession of the deposit, and thus are bound by that admission (see, Matter of Union Indem. Ins. Co. of N.Y., 89 N.Y.2d 94, 103-104). Defendants' argument that they should be permitted further disclosure so as to show that plaintiff and its customer are alter egos is supported only by conjecture. In any event, defendants cannot offset the subject liquidated, past due liability against the disputed, unliquidated liability it claims against plaintiff's customer (see, Spodek v. Park Prop. Dev. Assocs., 263 A.D.2d 478, 478-479).

THIS CONSTITUTES THE DECISION AND ORDER OF THE SUPREME COURT, APPELLATE DIVISION, FIRST DEPARTMENT.


Summaries of

New Haven Properties Ltd. v. Grinberg

Appellate Division of the Supreme Court of New York, First Department
Apr 23, 2002
293 A.D.2d 386 (N.Y. App. Div. 2002)
Case details for

New Haven Properties Ltd. v. Grinberg

Case Details

Full title:NEW HAVEN PROPERTIES LTD., PLAINTIFF-RESPONDENT, v. SERGEY GRINBERG, ET…

Court:Appellate Division of the Supreme Court of New York, First Department

Date published: Apr 23, 2002

Citations

293 A.D.2d 386 (N.Y. App. Div. 2002)
741 N.Y.S.2d 206

Citing Cases

Willett v. Lincolnshire Mgmt

The IAS court properly granted plaintiff summary judgment on his conversion claim against defendant…

Shulman v. East Riv. Med. Imaging Assoc.

2005 WL 851081, at p 2 Moreover as Shulman stated at her January 2004 deposition, she had no recollection of…