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UNCLAIMED PROPERTY RECOVERY SERVICE, INC. v. CHASE MANHATTAN BANK

25 A.D.3d 688 (2006)

811 N.Y.S.2d 688

UNCLAIMED PROPERTY RECOVERY SERVICE, INC., Appellant, v. CHASE MANHATTAN BANK, Respondent.

Appellate Division of the Supreme Court of the State of New York, Second Department.

January 24, 2006.

Ordered that the order is affirmed, with costs.

The plaintiff is a corporation that facilitates the collection of unclaimed property. The plaintiff entered into agreements with the predecessors of the defendant bank to recover unclaimed property held by the New York State Office of Unclaimed Funds in return for 10% of the value of the property recovered. The plaintiff commenced the instant action, inter alia, to recover damages for breach of contract, alleging that...

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