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JACOBSON FAMILY INVESTMENTS, INC. v. NATIONAL UNION FIRE INSURANCE COMPANY OF PITTSBURGH

14802, 601325/10

129 A.D.3d 556 (2015)

12 N.Y.S.3d 41

2015 NY Slip Op 05273

JACOBSON FAMILY INVESTMENTS, INC., et al., Plaintiffs, MDG 1994 GRAT, LLC, Respondent, v. NATIONAL UNION FIRE INSURANCE COMPANY OF PITTSBURGH, PA, Appellant, et al., Defendants.

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

Decided June 18, 2015.

Judgment, Supreme Court, New York County (Marcy S. Friedman, J.), entered October 8, 2014, after a nonjury trial, awarding plaintiff MDG 1994 Grat, LLC, damages as against defendant National Union Fire Insurance Company of Pittsburgh, PA, unanimously reversed, on the law, without costs, and it is declared that Rider 14 of the financial institution bond issued by defendant does not provide for coverage for plaintiff's loss and alternatively...

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