ANDRE ROMANELLI, INC. v. CITIBANK, N.A.


60 A.D.3d 428 (2009)

875 N.Y.S.2d 14

ANDRE ROMANELLI, INC., et al., Appellants, v. CITIBANK, N.A., Formerly Known as EUROPEAN AMERICAN BANK, et al., Defendants, and J.P. MORGAN CHASE BANK, N.A., et al., Respondents.

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

Decided March 5, 2009.


Plaintiffs allege that defendant Stephen Schor, their accountant and financial advisor, suggested that they open accounts at defendant Chase in order to obtain a lower interest rate on a line of credit. Plaintiffs' principal signed a business account application, corporate resolution and signature card for Romanelli and gave it to the accountant. However, he failed to cross out the unused signature boxes on the card as directed by the instructions on the signature card. Plaintiffs...

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