Telaro v. Telaro

255 N.E.2d 158, 25 N.Y.2d 433, 306 N.Y.S.2d 920, 1969 N.Y. LEXIS 934
CourtNew York Court of Appeals
DecidedDecember 4, 1969
StatusPublished
Cited by113 cases

This text of 255 N.E.2d 158 (Telaro v. Telaro) is published on Counsel Stack Legal Research, covering New York Court of Appeals primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Telaro v. Telaro, 255 N.E.2d 158, 25 N.Y.2d 433, 306 N.Y.S.2d 920, 1969 N.Y. LEXIS 934 (N.Y. 1969).

Opinions

Breitel, J.

This appeal involves an action by a wife to recover, inter alia, one half of some $24,800 withdrawn by her husband, defendant-respondent, from a brokerage account held at that time in the names of both spouses. Prior to the instant action, and some two weeks after the withdrawal in question, the wife had brought an action for separation against her husband. The dispositive issue, on this appeal is the res judicata effect of the judgment previously rendered in the separation action.

The merits of the present action must be determined by the nature of the ownership interest in the brokerage account. If the wife had only a bare right of survivorship she is entitled to no relief. If, on the other hand, she was an owner, either as a true joint tenant or as a tenant in common with her husband, then she is entitled, and as to this the parties seem to agree, to one half of the sum withdrawn on February 12, 1965 by the husband.

If the ownership of the brokerage account was determined in the action for separation, then the prior judgment has the effect of res judicata, and determines the basic issue for this action. In the matrimonial action the wife sought no relief with respect to property, but the husband interposed counterclaims in which, among other things, he alleged that his wife had no interest in the brokerage account and sought a decree that he was the sole owner.

After trial in the prior action the wife was awarded a separation, and the husband’s counterclaims were dismissed on the merits. The trial court, in granting a separation and dismissing the counterclaims, wrote a memorandum in which it unambiguously concluded that the disputed personal assets, including the brokerage account, were owned by both spouses. Thereafter there was an appeal to the Appellate Division which affirmed the judgment of separation and, presumably, the recited dismissal of the counterclaims (27 A D 2d 750). In any event, subsequent to the appeal a motion was made to resettle the judgment, which until then had only recited the dismissal, to dismiss the counterclaims expressly. From this resettlement-there was no further appeal.

In this action the wife moved for summary judgment upon the ground of res judicata based on the judgment in the separation [437]*437action. The motion was denied at Special Term and the Appellate Division affirmed (26 A D 2d 993). No further appeal was taken, but upon the trial she pressed her res judicata argument. The trial court concluded that plaintiff was not entitled to urge res judicata because the question had been resolved by the denial of summary judgment, affirmed by the Appellate Division.

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Bluebook (online)
255 N.E.2d 158, 25 N.Y.2d 433, 306 N.Y.S.2d 920, 1969 N.Y. LEXIS 934, Counsel Stack Legal Research, https://law.counselstack.com/opinion/telaro-v-telaro-ny-1969.