Amrep Corporation, Respondent,
v.
American Home Assurance Company, Appellant
Appellate Division of the Supreme Court of the State of New York, First Department.https://leagle.com/images/logo.png
June 30, 1981
June 30, 1981
Attorney(s) appearing for the Case
I. Michael Bayda of counsel (Joseph N. Salomon and William Lasher with him on the brief; Jacobs Persinger & Parker, attorneys), for respondent.
Richard G. McGahren of counsel (Monte E. Sokol with him on the brief; D'Amato & Lynch, attorneys), for appellant.
SANDLER, J. P., SULLIVAN and ROSS, JJ., concur with FEIN, J.; BLOOM, J., dissents on the opinion of KASSAL, J., at Special Term.
Appellate Division of the Supreme Court of the State of New York, First Department.
FEIN, J.
Plaintiff sues to recover on a claim made under a "Directors and Officers Liability and Corporation Reimbursement" policy, effective between May 11, 1973 and May 11, 1976. The amount claimed is for attorney's fees and expenses, for which plaintiff indemnified three of its officers and directors, Blum, Oberman and Friend, in connection with their defense against a Federal indictment for criminal mail...
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