FACET INDUS., INC. v. WRIGHT


62 N.Y.2d 769 (1984)

Facet Industries, Inc., Appellant, v. Philip G. Wright, Individually and on Behalf of Certain Underwriters at Lloyd's of London, Respondents.

Court of Appeals of the State of New York.

Decided May 15, 1984.


Attorney(s) appearing for the Case

Ted Trief, Joel Sankel and Barbara Olk for appellant.

Stanley H. Solomon and Steven A. Peisak for respondents.

Chief Judge COOKE and Judges JASEN, JONES, WACHTLER, MEYER, SIMONS and KAYE concur.


MEMORANDUM.

The order of the Appellate Division should be reversed, with costs, and the judgment entered January 10, 1983 by Supreme Court, New York County, should be reinstated.

At issue is the construction of the exclusion from coverage of the all-risk policy issued to plaintiff by defendants of: "(A) Loss, damage or expense caused by or resulting from sabotage, theft, conversion or other act or omission of a dishonest...

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