KAISER-GEORGETOWN v. BANKERS


110 Misc.2d 320 (1981)

Kaiser-Georgetown Community Health Plan, Inc., Plaintiff, v. Bankers Trust Company of Albany, N. A., Defendant.

Supreme Court, Special Term, Albany County.

August 14, 1981


Attorney(s) appearing for the Case

James J. Drislane and Craig H. Norman for plaintiff. Cooper, Erving & Savage (Michael A. Kornstein and Freling H. Smith of counsel), for defendant.


HAROLD J. HUGHES J.

Both plaintiff and defendant seek summary judgment.

Plaintiff is a private not-for-profit health maintenance organization providing prepaid medical services. During February of 1979 its vice-president for finance and treasurer Norbert M. Meister became acquainted with Richard J. Gordon, a financial consultant. On March 25, 1979 Gordon recommended that plaintiff invest $100,000 in a certificate of deposit to be issued by defendant...

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