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BEAR, STEARNS & CO., INC. v. D.F. KING & CO., INC.

243 A.D.2d 252 (1997)

663 N.Y.S.2d 12

Bear, Stearns & Co., Inc., Plaintiff, v. D. F. King & Co., Inc., Appellant, and Thomas S. Cronin, Respondent, et al., Defendants

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

October 2, 1997

Defendant-appellant is a Delaware corporation doing business in New York, whose ex-employee, defendant-respondent, is alleged here to have improperly obtained information regarding plaintiff's customers during the term of his employment. The question before us is whether defendant-appellant should be obliged, over its objection, to provide interim indemnification to the employee for his legal expenses in accordance with New York...

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