Citation Codes Equivalent Citations citation codes See more information ... Smart Summary Please sign up to generate summary. GERALD I. REICH et al., Respondents, v. BANKERS LIFE AND CASUALTY COMPANY OF NEW YORK et al., Appellants. (And Another Action.) Motion by defendants for leave to appeal denied, with $20 costs and necessary reproduction disbursements. The Court of Appeals restates the rule that denial of a motion for leave to appeal is not equivalent to an affirmance and has no precedential value (see, e.g., Matter of Marchant v Mead-Morrison Mfg. Co., 252 N.Y. 284, 297-298 [Cardozo, Ch. J.]; Matter of Calandra v Rothwax, 65 N.Y.2d 897). Motion by plaintiffs for leave to appeal denied, with $20 costs and necessary reproduction disbursements.