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DELTA TRADING CORPORATION v. EFFECTIVE PLUMBING CORPORATION

259 A.D.2d 346 (1999)

687 N.Y.S.2d 44

DELTA TRADING CORPORATION, Appellant, et al., Plaintiff, v. EFFECTIVE PLUMBING CORPORATION, Respondent. (And a Third-Party Action.)

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

Decided March 16, 1999.

The documents executed by plaintiff Delta unequivocally evidence its subrogation of its right, title and interest in certain insured property and all of its claims against the party allegedly responsible for the property's loss to its insurer in consideration of the insurer's payment of a sum representing the agreed value of the loss. Accordingly, Delta is no longer the real party in interest to seek recompense for any portion...

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