INTERSTATE ADJUSTERS, INC. v. FIRST FID. BANK


251 A.D.2d 232 (1998)

675 N.Y.S.2d 42

Interstate Adjusters, Inc., Respondent, v. First Fidelity Bank, N. A., New Jersey, Defendant and Third-Party Plaintiff-Respondent. Fred Kassner et al., Third-Party Defendants-Appellants, et al., Third-Party Defendants

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

June 25, 1998


This is an action by plaintiff Interstate Adjusters, an insurance adjuster, for payment of a fee. Appellants formerly owned the Virgin Isle Hotel on the Island of St. Thomas, subject to a first mortgage held by defendant First Fidelity Bank. In 1989, appellants sold the hotel to third-party defendant Caribbean Hotel Limited Partnership (CHLP), which is not a party to this appeal. Shortly thereafter, the hotel was virtually destroyed by

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