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Glynwill Inv. v. Shearson Lehman Hutton, Inc.

Appellate Division of the Supreme Court of New York, First Department
Jun 13, 1995
216 A.D.2d 78 (N.Y. App. Div. 1995)

Opinion

June 13, 1995

Appeal from the Supreme Court, New York County (Ira Gammerman, J.).


Summary judgment should not have been granted to defendant because the proper construction of the 1987 release was resolved in a prior order of the Supreme Court, New York County (Carmen Beauchamp Ciparick, J.), entered on or about March 27, 1991, from which no appeal was taken. This ruling, which construed the release to have a limited effect, in accordance with the doctrine of ejusdem generis, was the law of the case, and should not have been relitigated ( Karasik v. Karasik, 172 A.D.2d 294; Stroock Stroock Lavan v. Beltramini, 157 A.D.2d 590, 591). Applying the prior construction to the instant complaint, plaintiff is restricted to advancing claims that were unknown and could not have been determined with due diligence when the parties entered into the settlement agreement, only insofar as such claims are based upon one or more of the nine listed accounts and concerning the $10.6 million demand.

Because there are sharply disputed factual issues, summary judgment is inappropriate. Plaintiff is granted leave to amend its caption to substitute Lehman Brothers Holdings, Inc., as the defendant herein.

Concur — Rosenberger, J.P., Rubin, Kupferman, Nardelli and Tom, JJ.


Summaries of

Glynwill Inv. v. Shearson Lehman Hutton, Inc.

Appellate Division of the Supreme Court of New York, First Department
Jun 13, 1995
216 A.D.2d 78 (N.Y. App. Div. 1995)
Case details for

Glynwill Inv. v. Shearson Lehman Hutton, Inc.

Case Details

Full title:GLYNWILL INVESTMENTS, N.V., Appellant, v. SHEARSON LEHMAN HUTTON, INC.…

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

Date published: Jun 13, 1995

Citations

216 A.D.2d 78 (N.Y. App. Div. 1995)
628 N.Y.S.2d 71

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