Devon Syndicate, Ltd. v. MacDougall

Appellate Division of the Supreme Court of New York

Devon Syndicate, Ltd. v. MacDougall

261 A.D. 981, 27 N.Y.S.2d 999, 1941 N.Y. App. Div. LEXIS 8419

Appellate Division of the Supreme Court of the State of New York·Decided March 17, 1941·Published

Opinion

• In an action by a pledgee of securities to recover damages resulting from the impairment of the value of securities in claimed violation of a duty owing by the defendant to the plaintiff as the result of a relationship growing out of defendant’s employment by a receiver of the pledgor’s property, including the securities in question, on the theory that defendant owed plaintiff a duty not to impair the pledge, judgment dismissing the complaint at the close of the plaintiff’s case unanimously affirmed, with costs. No opinion. Present — Lazansky, P. J., Hagarty, Carswell, Taylor and Close, JJ.

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• In an action by a pledgee of securities to recover damages resulting from the impairment of the value of securities in claimed violation of a duty owing by the defendant to the plaintiff as the result of a relationship growing out of defendant’s employment by a receiver of the pledgor’s property, including the securities in question, on the theory that defendant owed plaintiff a duty not to impair the pledge, judgment dismissing the complaint at the close of the plaintiff’s case unanimously affirmed, with costs. No opinion. Present — Lazansky, P. J., Hagarty, Carswell, Taylor and Close, JJ.

Devon Syndicate, Ltd. v. MacDougall, 261 A.D. 981, 27 N.Y.S.2d 999, 1941 N.Y. App. Div. LEXIS 8419 (N.Y. Ct. App. 1941).

Pincite

261 A.D. 981 (Devon Syndicate, Ltd. v. MacDougall) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.