ECUADOR v. ITF (OVERSEAS)


94 A.D.2d 113 (1983)

Ecuador Importadora-Exportadora Cia. Ltda., Respondent, v. ITF (Overseas) Corporation et al., Defendants, and Agustin F. Cordero (Rivadeneira), Appellant

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

June 7, 1983


Attorney(s) appearing for the Case

Harold R. Tyler, Jr., of counsel (Theodore B. Van Itallie, Jr., and Aaron R. Marcu with him on the brief; Patterson, Belknap, Webb & Tyler, attorneys), for appellant.

Harry H. Wise, III, of counsel (Mario Diaz-Cruz, III, with him on the brief; Gadsby & Hannah, attorneys), for respondent.

SULLIVAN, J. P., SILVERMAN, LYNCH and ALEXANDER, JJ., concur.


MILONAS, J.

Following a trial in connection with the instant matter, the court found defendants Agustin Febres Cordero, ITF (Overseas) Corporation, Intrafina N. V., and William H. Lewis liable to plaintiff in the amount of $650,000, plus interest and costs, for the conversion of the proceeds of the sale of certain promissory notes. The individual defendants Lewis and Cordero were engaged in the business of brokering...

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