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British Insurance Co. v. Lancer Ins. Co.

Appellate Division of the Supreme Court of New York, Second Department
Apr 21, 2003
304 A.D.2d 698 (N.Y. App. Div. 2003)

Opinion

2002-03711

Argued March 20, 2003.

April 21, 2003.

In an action, inter alia, to set aside certain alleged fraudulent conveyances, the defendants appeal from an order of the Supreme Court, Nassau County (Franco, J.), dated March 21, 2002, which, among other things, denied their motion pursuant to CPLR 3211(a)(7) to dismiss the complaint.

Entwistle Cappucci LLP, New York, N.Y. (Lloyd A. Gelwan, Edward L. Doherty, and Rachel A. Davis of counsel), for appellants.

Rutherford Christie, LLP, New York, N.Y. and Riker, Danzig, Scherer, Hyland Perretti, LLP, Morristown, N.J. (Brian E. O'Donnell and Caroline Brizzolara of counsel), for respondent (one brief filed).

Before: SONDRA MILLER, J.P., GLORIA GOLDSTEIN, LEO F. McGINITY, WILLIAM F. MASTRO, JJ.


DECISION ORDER

ORDERED that the order is affirmed, with costs.

The parties and/or their predecessors and subsidiaries have been engaged in a protracted dispute regarding the defendants' alleged liability under certain insurance agreements (see British Ins. Co. of Cayman v. Water St. Ins. Co., 93 F. Supp.2d 506 [SDNY]). The plaintiff, inter alia, now seeks to pierce the corporate veil of the defendant Lancer Financial Group, and to reach assets that Lancer Financial Group and/or its subsidiary Water Street Insurance Company have allegedly conveyed for less than fair consideration and/or placed beyond the plaintiff's reach.

Contrary to the appellants' contentions, the Supreme Court correctly denied their motion to dismiss the complaint. The complaint pleads cognizable claims alleging fraud and violations of the Debtor and Creditor Law with adequate specificity (see Rebh v. Rotterdam Ventures, 252 A.D.2d 609; Stern v. Consumer Equities Assocs., 160 A.D.2d 993; Laco X-Ray Sys. v. Fingerhut, 88 A.D.2d 425, 431-433; cf. Palermo Mason Constr. v. Aark Holding Corp., 300 A.D.2d 458, 460). Likewise, the plaintiff adequately pleaded cognizable claims alleging tortious interference with contractual relations (see Lama Holding Co. v. Smith Barney, 88 N.Y.2d 413, 424; Waste Servs. v. Jamaica Ash Rubbish Removal Co., 262 A.D.2d 401, 402). Although certain of the alleged fraudulent transactions occurred in 1993, on this record, the appellants have not proven them to be time-barred as a matter of law.

The defendants' remaining contentions are without merit.

S. MILLER, J.P., GOLDSTEIN, McGINITY and MASTRO, JJ., concur.


Summaries of

British Insurance Co. v. Lancer Ins. Co.

Appellate Division of the Supreme Court of New York, Second Department
Apr 21, 2003
304 A.D.2d 698 (N.Y. App. Div. 2003)
Case details for

British Insurance Co. v. Lancer Ins. Co.

Case Details

Full title:BRITISH INSURANCE COMPANY OF CAYMAN, respondent, v. LANCER INSURANCE…

Court:Appellate Division of the Supreme Court of New York, Second Department

Date published: Apr 21, 2003

Citations

304 A.D.2d 698 (N.Y. App. Div. 2003)
757 N.Y.S.2d 760

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