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ARC Municipal Securities Corp. v. Kleinberg

Appellate Division of the Supreme Court of New York, First Department
Mar 7, 1995
213 A.D.2d 187 (N.Y. App. Div. 1995)

Opinion

March 7, 1995

Appeal from the Supreme Court, New York County (Beverly Cohen, J.).


Plaintiffs fail to demonstrate any acts by the escrow agent that were not authorized pursuant to the terms of the parties' escrow agreement, and the surmise, conjecture and innuendo offered by plaintiffs in opposition to the cross motion for summary judgment were insufficient to create a triable issue of fact on their claim for breach of fiduciary duty and punitive damages (see, Parks v. Greenberg, 161 A.D.2d 467, 468-469, mot to dismiss appeal granted 76 N.Y.2d 888, lv denied 76 N.Y.2d 712).

Concur — Rosenberger, J.P., Ellerin, Wallach and Tom, JJ.


Summaries of

ARC Municipal Securities Corp. v. Kleinberg

Appellate Division of the Supreme Court of New York, First Department
Mar 7, 1995
213 A.D.2d 187 (N.Y. App. Div. 1995)
Case details for

ARC Municipal Securities Corp. v. Kleinberg

Case Details

Full title:ARC MUNICIPAL SECURITIES CORP. et al., Appellants, v. KLEINBERG, KAPLAN…

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

Date published: Mar 7, 1995

Citations

213 A.D.2d 187 (N.Y. App. Div. 1995)
624 N.Y.S.2d 806