FED. INS. CO. v. MFRS. HANOVER TRUST CO.


157 A.D.2d 460 (1990)

Federal Insurance Company, as Assignee of Galef & Jacobs, Appellant, v. Manufacturers Hanover Trust Company, Respondent

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

January 4, 1990


Having followed the express language of the endorsements, defendant cannot be held liable, and this is so even though the endorsements directed that the money be deposited into an account held by someone other than the endorsing party (Spielman v Manufacturers Hanover Trust Co., 60 N.Y.2d 221). A motion for renewal that does not present new facts is properly considered one for reargument only (Luming Cafe v Birman,

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