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BLOOSTEIN v. MORRISON COHEN LLP

5355, 651242/12.

157 A.D.3d 432 (2018)

66 N.Y.S.3d 120

2018 NY Slip Op 00036

JONATHAN BLOOSTEIN et al., Plaintiffs, v. MORRISON COHEN LLP et al., Defendants. MORRISON COHEN LLP et al., Third-Party Plaintiffs-Appellants, v. STONEBRIDGE CAPITAL, LLC, Third-Party Defendant-Respondent, et al., Third-Party Defendant. (And a Fourth-Party Action.)

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

Decided January 2, 2018.

Defendants/third-party plaintiffs are not entitled to contribution, because plaintiffs (investors) seek to recover for purely economic loss resulting from a breach of contract (Board of Educ. of Hudson City School Dist. v Sargent, Webster, Crenshaw & Folley, 71 N.Y.2d 21 [1987]; Children's Corner Learning Ctr. v A. Miranda Contr. Corp., 64 A.D.3d 318...

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