UNITED STATES FID. & GUAR. CO. v. COCA-COLA CO.


49 A.D.2d 849 (1975)

United States Fidelity & Guaranty Company, Appellant, v. Coca-Cola Company et al., Defendants, and Kleiner, Bell and Company, Inc., et al., Respondents

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

October 21, 1975


In this action brought to recover money damages for alleged conversion of certain stock certificates owned by plaintiff's assignor, W. E. Hutton & Co., plaintiff moved for summary judgment pursuant to CPLR 3212 against defendant Kleiner, Bell and Company, Inc. Study of the record discloses that an issue of fact exists as to the good faith "observance of reasonable commercial standards" by said defendant in accepting these "street name" certificates for transfer (Uniform...

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