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GROH v. HALLORAN

86 A.D.2d 35 (1982)

Norman D. Groh, Respondent, v. Edward J. Halloran et al., Defendants, and Dollar Savings Bank, Appellant

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

April 6, 1982

Attorney(s) appearing for the Case

Robert S. Stitt of counsel (John M. Woods with him on the brief; Thacher, Proffitt & Wood, attorneys), for appellant.

Alan J. Firestone of counsel (Firestone, Marcovitz & Harris, attorneys), for respondent.

KUPFERMAN, CARRO, MARKEWICH and FEIN, JJ., concur.

MURPHY, P. J.

Defendant Dollar Savings Bank, through its subsidiary, June Holding Corp., sold the Shelton Towers Hotel to Shelton Towers Associates (STA) on April 5, 1977. In return, STA (i) assumed responsibility for Dollar's pre-existing first mortgage in the sum of approximately $10,000,000, (ii) executed another mortgage for $10,000,000 for a reconstruction loan provided by Dollar, and (iii) paid June the...

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