INDUS. ACOUSTICS CO., INC. v. MORGAN GUAR. TRUST CO. OF NEW YORK


91 A.D.2d 522 (1982)

Industrial Acoustics Company, Inc., Plaintiff, v. Morgan Guaranty Trust Company of New York et al., Defendants Industrial Acoustics Company, Inc., Respondent, v. Aetna Casualty and Surety Company, Appellant. (Action No. 1.) Industrial Acoustics Company, Inc., Respondent, and Aetna Casualty and Surety Company, Appellant, v. Chase Manhattan Bank, N.A., et al., Respondents. (Action No. 2.) Chase Manhattan Bank, N.A., Third-Party Plaintiff-Respondent, v. Mark Cantor, Third-Party Defendant-Respondent Industrial Acoustics Company, Inc., Respondent, and Aetna Casualty and Surety Company, Appellant, v. Irving Trust Company et al., Respondents. (Action No. 3.) Irving Trust Company, Third-Party Plaintiff-Respondent, v. Manufacturers Hanover Trust Company et al., Third-Party Defendants-Respondents Morgan Guaranty Trust Company of New York, Third-Party Plaintiff-Respondent, v. Manufacturers Hanover Trust Company, Third-Party Defendant-Respondent Chase Manhattan Bank, N.A., Third-Party Plaintiff-Respondent, v. Manufacturers Hanover Trust Company, Third-Party Defendant-Respondent

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

December 9, 1982


These actions arise out of a series of alleged forgeries, alterations or misappropriations of plaintiff's checks and securities or both, by its former comptroller, Mark Cantor. The other parties to these actions are the banks involved in the transfer and negotiation of the allegedly forged and altered instruments, as well as defendant-appellant, Aetna, the insurer on a comprehensive dishonesty disappearance and destruction policy...

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