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EGNOTOVICH v. KATTEN MUCHIN ZAVIS & ROSEMAN LLP

55 A.D.3d 462 (2008)

866 N.Y.S.2d 156

MATT EGNOTOVICH et al., Appellants, v. KATTEN MUCHIN ZAVIS & ROSEMAN LLP, Respondent.

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

October 28, 2008.

Plaintiffs each invested $150,000 as "membership dues" in a business venture to acquire vacation properties for plaintiffs' use. A portion of plaintiffs' dues were held as a deposit in an escrow account for which defendant acted as escrow agent. In 2006, the venture failed as a going concern and lacks funds to pay plaintiffs' damages.

Thereafter plaintiffs brought this action against the escrow agent, claiming that it wrongfully...

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