GOLDSTEIN AFFILIATES, INC. v. AFFILIATED FM INS. CO.


178 A.D.2d 301 (1991)

Goldstein Affiliates, Inc., et al., Respondents, v. Affiliated Fm Insurance Company, Appellant, et al., Defendants

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

December 19, 1991


Plaintiffs, two public fire adjusters, commenced this action to recover a portion of the proceeds of two insurance policies issued by Affiliated to a group of defendants (collectively referred to as Len Art defendants). Following a 1976 fire which caused extensive damage to the insured premises, the Len Art defendants jointly retained plaintiffs to assist in their insurance claim in return for a lien and assignment of "12.5% of the amount of the loss including salvage when...

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