Case ID: ad_261/html/0981-03.html
Source: Caselaw Access Project
Author: {"author": "", "license": "Public Domain", "url": "https://static.case.law/"}
Date Created: 2024-08-24T03:29:51.129683

Devon Syndicate, Ltd., Appellant, v. Alexander W. MacDougall, Respondents.
   • In an action by a pledgee of securities to recover damages resulting from the impairment of the value of securities in claimed violation of a duty owing by the defendant to the plaintiff as the result of a relationship growing out of defendant’s employment by a receiver of the pledgor’s property, including the securities in question, on the theory that defendant owed plaintiff a duty not to impair the pledge, judgment dismissing the complaint at the close of the plaintiff’s case unanimously affirmed, with costs. No opinion. Present — Lazansky, P. J., Hagarty, Carswell, Taylor and Close, JJ.