Opinion
Argued October 20, 1975
Decided December 4, 1975
Appeal from the Appellate Division of the Supreme Court in the Fourth Judicial Department, JAMES H. BOOMER, J.
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.
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.