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DEGEN v. LUSTBADER

30 A.D.2d 803 (1968)

George F. Degen, Appellant-Respondent, v. Edward E. Lustbader et al., Respondent-Appellant, et al., Defendants

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

July 16, 1968

Ordered entered December 1, 1967, affirmed, without costs and without disbursements.

Botein, P. J., who, noting that plaintiff became a director of the insurance company, dissents and votes to reverse and dismiss the complaint on the ground that it is not within the intendment of subdivision 7 of section 48 of the Insurance Law that directors should be liable to one of...

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