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BUNGE CORP. v. MFRS. HANOVER TRUST

31 N.Y.2d 223 (1972)

Bunge Corporation, Appellant, v. Manufacturers Hanover Trust Company, Respondent.

Court of Appeals of the State of New York.

Decided July 6, 1972.

Attorney(s) appearing for the Case

Seymour Graubard, Michael H. Greenberg, Noah Scooler and Robert I. Gosseen for appellant.

Robert Ehrenbard, Roy R. Schwartz and Thomas R. Cosgrove for respondent.

Judges SCILEPPI, BERGAN and GIBSON concur with Judge BURKE; Judge BREITEL dissents and votes to reverse in a separate opinion in which Chief Judge FULD and JUDGE JASEN concur.

BURKE, J.

This conversion action has its genesis in the notorious "salad oil scandal" of the early 1960's. Plaintiff-appellant Bunge Corporation (hereafter Bunge) appeals from an order of the Appellate Division, First Department, which modified the judgment of the Supreme Court, New York County and dismissed the complaint. The Supreme Court judgment had awarded Bunge the sum of $4,484,151.81.

At issue...

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