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JASCO TOOLS, INC. v. AMERICAN MANUFACTURERS MUTUAL INSURANCE COMPANY

259 A.D.2d 1027 (1999)

688 N.Y.S.2d 317

JASCO TOOLS, INC., Appellant, v. AMERICAN MANUFACTURERS MUTUAL INSURANCE COMPANY et al., Respondents.

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

Decided March 31, 1999.

Judgment unanimously modified on the law and as modified affirmed without costs and judgment granted in accordance with the following Memorandum: Plaintiff is a defendant in an action brought in Federal court on behalf of its employees who participated in plaintiff's 401(k) Savings Plan (Plan). The complaint alleges that plaintiff negligently handled records of the Plan, causing a loss of investment. Plaintiff contends that, under...

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