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ARTOC BANK & TRUST LTD. v. SHERIFF OF THE CITY OF NEW YORK

70 N.Y.2d 771 (1987)

Artoc Bank & Trust Limited, Respondent, v. Sheriff of the City of New York, Appellant.

Court of Appeals of the State of New York.

Decided October 8, 1987.

Attorney(s) appearing for the Case

Peter L. Zimroth, Corporation Counsel (Noreen M. Giusti of counsel), for appellant.

Barry R. Satine for respondent.

Chief Judge WACHTLER and Judges SIMONS, KAYE, ALEXANDER, TITONE, HANCOCK, JR., and BELLACOSA concur.

MEMORANDUM.

The order of the Appellate Division should be affirmed.

The Sheriff of the City of New York, pursuant to an order of attachment issued in a litigation between Artoc Bank & Trust Limited and a third party, levied upon an account of Artoc and collected money in a sum in excess of $8,000,000. The Sheriff deposited this money into an interest-bearing account. Thereafter the underlying litigation was settled...

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