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BANK OF NEW YORK v. NEUMANN

216 A.D.2d 189 (1995)

628 N.Y.S.2d 675

Bank of New York, Plaintiff, v. Joseph Neumann, Defendant and Third-Party Plaintiff-Appellant. Berisford, Inc., Formerly Known as S. & W. Berisford, Inc., et al., Third-Party Defendants-Respondents

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

June 27, 1995

The complaint alleged that defendant Neumann and the Berisfords conspired to destroy the value of premises at 16 East 34th Street in Manhattan which Neumann's partnership had mortgaged to plaintiff, through such means as failure to pay real estate taxes, unauthorized granting of subordinate mortgages and accepting of lease terminations, allowing deterioration of the premises, misappropriation of cash assets, and filing bankruptcy...

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