FOURTH OCEAN PUTNAM CORP. v. SUBURBIA FED. SAV. & LOAN ASS'N


124 A.D.2d 550 (1986)

Fourth Ocean Putnam Corp. et al., Appellants, v. Suburbia Federal Savings & Loan Association et al., Respondents, et al., Defendant

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

November 3, 1986


Ordered that the order dated May 15, 1985 is affirmed, and the order dated November 13, 1985, is affirmed insofar as appealed from, with one bill of costs to the respondents Suburbia and Spellman.

The plaintiff Lawrence Reed was the sole shareholder and officer of the plaintiff Fourth Ocean Putnam Corp. (hereinafter FOPC) which was the owner of Pebble Cove Properties in Atlantic Beach, New York. In September 1983 European...

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