NATIONAL UNION FIRE INSURANCE COMPANY OF PITTSBURGH, PA. v. PEMBROOKE HOLDINGS CORPORATION


309 A.D.2d 624 (2003)

766 N.Y.S.2d 17

NATIONAL UNION FIRE INSURANCE COMPANY OF PITTSBURGH, PA., Respondent, v. PEMBROOKE HOLDINGS CORPORATION et al., Appellants, and BALTIC INTERNATIONAL USA, Intervenor-Appellant.

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

Decided October 21, 2003.


Plaintiff's turnover motion was properly granted. The escrowed funds at issue represent the proceeds of the sale of certain stock, which stock was, pursuant to a settlement agreement between plaintiff and defendants Alston, Pembrooke and Pembrooke Calox, to be applied in partial satisfaction of the amount owed plaintiff under the settlement agreement. When the amount owed under the settlement agreement was not timely paid, plaintiff...

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