STEWART TITLE INSURANCE COMPANY v. LIBERTY TITLE AGENCY, LLC

4825, 601162/09.

83 A.D.3d 532 (2011)

922 N.Y.S.2d 18

STEWART TITLE INSURANCE COMPANY, Appellant, v. LIBERTY TITLE AGENCY, LLC, et al., Defendants, and ALBERT YORIO, Respondent. EXTELL DEVELOPMENT COMPANY et al., Intervenor-Defendants.

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

Decided April 19, 2011.


Plaintiff alleges that defendant Liberty Title Agency, LLC, and its three members, including Yorio, who was also Liberty's executive vice president and general counsel, failed to record deeds and mortgages after closings and, instead, misappropriated for their personal benefit the escrow funds entrusted to them. The fact that the complaint refers to the owners and officers of Liberty as the "Individual Defendants" does not render the causes of action insufficiently stated...

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