WOLFSON v. KASA LITHUANIAN FED. CREDIT UNION


168 A.D.2d 364 (1990)

Pincus Wolfson et al., Appellants, v. Kasa Lithuanian Federal Credit Union, Respondent. (And Another Action.)

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

December 20, 1990


Plaintiffs commenced this action, claiming that the moneys held by defendant's attorney in escrow, in connection with a loan, had never accrued to plaintiffs' benefit, and that by demanding repayment of the entire principal and interest, the loan was usurious and void. At a bench trial, conflicting testimony was received with respect to payment of the proceeds. Defendant's attorney testified that $250,000 was disbursed from the escrow for the benefit of the equitable borrower...

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