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MAROON'S HOME PRODS., INC. v. MFRS. & TRADERS TRUST CO.

244 A.D.2d 882 (1997)

665 N.Y.S.2d 770

Maroon's Home Products, Inc., Appellant, v. Manufacturers and Traders Trust Company, Respondent and Third-Party Plaintiff. Diane M. Maroon, Third-Party Defendant-Respondent

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

November 19, 1997

Order unanimously reversed on the law without costs, defendant's cross motion denied and complaint reinstated, plaintiff's cross motion granted and cross claim dismissed.

Memorandum:

Diane Maroon, Norman D. Maron, and Remigio Gonzalez were the shareholders and officers of plaintiff, a building supply company. In November 1990, Maron and Gonzalez discovered that Maroon had misappropriated plaintiff's funds by forging...

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