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MANGANO v. AM. STOCK EXCH., INC.

234 A.D.2d 198 (1996)

651 N.Y.S.2d 494

Frank Mangano, Respondent, v. American Stock Exchange, Inc., et al., Respondents. (And a Third-Party Action.) American Stock Exchange, Inc., Fourth-Party Plaintiff-Respondent, v. Csr Construction Corp., Fourth-Party Defendant-Appellant

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

December 24, 1996

Although the contract between the parties clearly provided that fourth-party defendant CSR would obtain insurance for ASE in connection with the subject construction project, and that it would hold ASE harmless, the contract did not specifically obligate CSR to provide insurance which would actually name ASE as an insured. We therefore find that the IAS Court erred in finding that CSR was liable to ASE for failing to procure such...

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