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WEG & MYERS v. BANESTO BANKING CORP.

175 A.D.2d 65 (1991)

Weg and Myers, P. C., Respondent, v. Banesto Banking Corporation et al., Appellants, and Bell Atlantic Tricon Leasing Corporation et al., Respondents, et al., Defendant

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

July 18, 1991

Hollin Furniture and Dinette Corp. ("Hollin") was destroyed by fire. This interpleader action is a contest among the creditors of Hollin as to the insurance proceeds received as a result of the fire.

Hollin retained the law firm of Weg and Myers, P. C., plaintiff, to negotiate with the insurer. Hollin also retained Azus and Kanin as public adjusters. Weg and Myers' retainer agreement with Hollin provided that it would receive 15% of any insurance proceeds. Azus and...

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