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GOLDSTEIN v. ENGEL

240 A.D.2d 280 (1997)

659 N.Y.S.2d 16

Edwin Goldstein et al., Appellants, v. Martin Engel et al., Respondents, et al., Counterclaim Plaintiffs, et al., Counterclaim Defendants

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

June 19, 1997

The default judgment granted against the corporate defendant on the counterclaim, with which plaintiffs are in privity, was correctly held to preclude plaintiffs' defense of being holders in due course of the bearer bonds that counterclaim plaintiffs claim the corporation, through plaintiffs, had converted (see, Curiale v Ardra Ins. Co., 202 A.D.2d 252; Silverman v Leucadia,...

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