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STRENG OLDSMOBILE, INC. v. FLEET BANK OF NEW YORK

245 A.D.2d 1032 (1997)

667 N.Y.S.2d 160

Streng Oldsmobile, Inc., Appellant, v. Fleet Bank of New York et al., Respondents

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

December 31, 1997

Order unanimously affirmed without costs.

Memorandum:

Plaintiff opened several accounts at Liberty Bank (Liberty) in 1979. Liberty was purchased by Norstar Bank, N. A., which was purchased in 1991 by Fleet Bank of New York (defendants). Between 1988 and 1992, plaintiff's office manager, Sanford Cohen, embezzled at least $235,000 in cash from plaintiff's repair receipts. To cover up his actions, Cohen utilized plaintiff's accounts at defendant banks. The complaint...

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