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GRENVILLE OWNER'S CORP. v. HANGLOW

240 A.D.2d 323 (1997)

658 N.Y.S.2d 627

Grenville Owner's Corp., Appellant, v. John Hanglow et al., Respondents, et al., Defendant

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

June 24, 1997

This action by a cooperative housing corporation against its former directors for misappropriation of corporate funds was properly dismissed on the ground that plaintiff cannot repudiate the releases it gave its former directors in connection with the settlement of the mortgage foreclosure action that plaintiff's present principal had brought against it, having accepted all the benefits given to it under the settlement even after discovery of the alleged fraud that it claims...

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