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HOLONESS REALTY CORP. v. NEW YORK PROP. INS. UNDERWRITING ASS'N

75 A.D.2d 569 (1980)

Holoness Realty Corp. et al., Respondents, v. New York Property Insurance Underwriting Association, Appellant, et al., Defendants

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

April 29, 1980

Three weeks after the acquittal of two officers who were the sole stockholders of plaintiffs on a charge of arson arising out of a fire at the insured premises 15 months earlier, plaintiffs commenced this action against their fire insurer alleging three causes of action for breach of contract under the insurance policies (not at issue here), and six causes of action* for punitive damages of $1,000,000...

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