149 CLINTON AVE, NO. v. GRASSI


51 A.D.2d 502 (1976)

149 Clinton Avenue North, Inc. et al., Appellants, v. Inis F. Grassi, Respondent, et al., Defendants

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

April 15, 1976


Attorney(s) appearing for the Case

Stull, Stull & Brody (Robert Stull of counsel), for appellants.

Liebschutz, Sutton, DeLeeuw, Clark & Lewis (John J. Darcy of counsel), for respondent.

MARSH, P. J., MOULE, MAHONEY and GOLDMAN, JJ., concur.


CARDAMONE, J.

We are called upon principally to decide whether a court-appointed Receiver who has obtained an order of discharge may, nonetheless, be held liable to answer officially and/or individually, for his actions in permitting fire insurance on the receivership property to lapse so that, when the mortgaged building burned, plaintiffs, owner and lessee, suffered the loss of their interest in the property...

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