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MAJER v. SCHMIDT

169 A.D.2d 501 (1991)

Michele B. Majer et al., Respondents, v. Peter G. Schmidt et al., Defendants, and Credit Suisse, Appellant Michele B. Majer et al., Respondents, v. Alexander Aghayan, Appellant, et al., Defendants Michele B. Majer et al., Respondents, v. Peter G. Schmidt et al., Defendants, and Thomas Forrest et al., Appellants Michele B. Majer et al., Appellants, et al., Plaintiffs, v. Peter G. Schmidt et al., Defendants, and Petersville Sleigh Limited et al., Respondents

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

January 17, 1991

The instant litigation arises out of a series of frauds perpetrated by defendant Peter G. Schmidt, an attorney, upon various of his clients, including the estate of Michael Burke (the Estate).

The complaint alleged, inter alia, that defendant Alexander Aghayan, as a former partner of defendant Schmidt in the dissolved law firm of Schmidt, Aghayan & Saide, was liable to the Estate for Schmidt's conversion of $1,800,000 of the Estate's funds to pay a predissolution...

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