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COMMONWEALTH MOTOR PARTS LTD. v. BANK OF NOVA SCOTIA

37 N.Y.2d 824 (1975)

Commonwealth Motor Parts Limited et al., Appellants, v. Bank of Nova Scotia, Respondent.

Court of Appeals of the State of New York.

Decided October 16, 1975.

Attorney(s) appearing for the Case

Milton I. Stockton and Jacob W. Friedman for appellants.

Matthew C. Gruskin for respondent.

Chief Judge BREITEL and Judges JASEN, GABRIELLI, JONES, WACHTLER, FUCHSBERG and COOKE concur.

MEMORANDUM.

The order of the Appellate Division should be affirmed.

The alleged libelous communication was from one banking institution to another relative to the banking affairs of a customer of both institutions as to which each had a direct and substantial interest. As such it was subject to a qualified privilege. In neither pleadings nor supporting papers do plaintiffs...

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