FEDERAL DEPOSIT INSURANCE CORPORATION v. KAUFMAN


273 A.D.2d 195 (2000)

708 N.Y.S.2d 636

FEDERAL DEPOSIT INSURANCE CORPORATION, as Receiver of AMERICAN SAVINGS BANK, Respondent, v. JOHN L. KAUFMAN, Respondent, et al., Defendants. NATIONAL LOAN INVESTORS, L.P., Nonparty Appellant.

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

Decided June 5, 2000.


Ordered that the order is affirmed insofar as appealed from, with one bill of costs.

The Supreme Court properly concluded that the relief sought by the appellant was barred by the doctrine of laches. The appellant's inexcusable four-year delay in seeking relief from the stipulation of settlement entered into by the plaintiff, the appellant's assignor, and the defendant John L. Kaufman, coupled with the prejudice to Kaufman if relief were granted, warrants application...

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