Case Name: Devon Syndicate, Ltd., Appellant, v. Alexander W. MacDougall, Respondents
Court: New York Supreme Court, Appellate Division
Jurisdiction: New York
Decision Date: 1941-03-17
Citations: 261 A.D. 981
Docket Number: 
Parties: Devon Syndicate, Ltd., Appellant, v. Alexander W. MacDougall, Respondents.
Judges: 
Reporter: Appellate Division Reports
Volume: 261
Pages: 981–981

Head Matter:
Devon Syndicate, Ltd., Appellant, v. Alexander W. MacDougall, Respondents.

Opinion:
• 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.