MBIA INSURANCE CORPORATION v. GREYSTONE & CO., INC.

3007N, 650280/08.

74 A.D.3d 499 (2010)

901 N.Y.S.2d 522

MBIA INSURANCE CORPORATION, Respondent, v. GREYSTONE & CO., INC., Appellant, et al., Defendant.

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

Decided June 8, 2010.


In granting the motion, the court permitted plaintiff to pierce the corporate veil and add Stephen Rosenberg as a party defendant. Plaintiff had learned in the course of certain deposition testimony that Rosenberg was the 100% owner and sole director of the corporate defendant, whose primary, if not only, source of income was the periodic capital contributions made to it by Rosenberg. Motions for leave to amend pleadings should be freely granted (CPLR 3025 [b]), absent prejudice...

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