DYE v. LINCOLN FIRST BANK OF ROCHESTER, N.Y., Judgment, Law, casemine.com

Citation Codes

Equivalent Citations

citation codes

Attorney(S)

Walter J. Holloran for appellants. G. Robert Witmer, Jr., for Lincoln First Bank of Rochester, respondent. Bruce E. Hansen for Myron S. Lewis and others, respondents.

See more information ...

Smart Summary

MARVIN R. DYE et al., as Trustees for Bondholders Under an Instrument of Trust, Appellants, v. LINCOLN FIRST BANK OF ROCHESTER, Formerly LINCOLN ROCHESTER TRUST COMPANY, et al., Respondents.

MEMORANDUM.

Order affirmed, with costs, on the reasons set forth in the opinion of the Appellate Division and because the prior grant of summary judgment, the "procedural equivalent of a trial" (Falk v Goodman, 7 N.Y.2d 87, 91), is a binding final judgment on the merits which bars a subsequent action between the same parties for the same cause of action (Eidelberg v Zellermayer, 5 A.D.2d 658, 662-663, affd 6 N.Y.2d 815; see, also, Klein v Gruss Son, 18 A.D.2d 1085; Riley v Southern Transp. Co., 278 App. Div. 605; 6 Carmody-Wait, 2d, N Y Practice, § 39:39, p 492).

Chief Judge BREITEL and Judges JASEN, GABRIELLI, JONES, WACHTLER, FUCHSBERG and COOKE concur in memorandum.

Order affirmed.