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SECURED CAPITAL CORP. OF N.Y., plaintiff-respondent, v. NORMAN DANSKER, et al., defendants third-party plaintiffs-appellants; JOANNE VON ZWEHL, etc., et al., third-party defendants-respondents.

DECISION ORDER

ORDERED that the order is affirmed, with costs.

The defendants' contention that the Supreme Court erred in denying their motion for the appointment of a temporary receiver is without merit. The appointment of a receiver is a drastic and intrusive remedy and may only be invoked in cases where the moving party has made a clear evidentiary showing of the necessity of conserving the property and protecting the interests of that party ( see, Modern Collection Assocs. v. Capital Group, 140 A.D.2d 594). While the defendants demonstrated their apparent interest in the specific funds and properties which are the subject of this action ( see, Lefebvre v. Shea, 212 A.D.2d 884; Meurer v. Meurer, 21 A.D.2d 778), they failed to demonstrate that those funds or properties are in danger of being materially injured or destroyed ( see, CPLR 6401[a]).

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SECURED CAPITAL CORP. OF N.Y. v. DANSKER
(Jul 19, 1999)