Case Name: George A. Treadwell, Respondent, v. William A. Clark, Appellant, Impleaded with United Verde Copper Company and Others, Defendants
Court: New York Supreme Court, Appellate Division
Jurisdiction: New York
Decision Date: 1908-02-07
Citations: 124 A.D. 260
Docket Number: No. 2
Parties: George A. Treadwell, Respondent, v. William A. Clark, Appellant, Impleaded with United Verde Copper Company and Others, Defendants.
Judges: 
Reporter: Appellate Division Reports
Volume: 124
Pages: 260–261

Head Matter:
George A. Treadwell, Respondent, v. William A. Clark, Appellant, Impleaded with United Verde Copper Company and Others, Defendants.
(No. 2.)
First Department,
February 7, 1908.
Attorney and client — no relief because of erroneous advice —judgment — depreciation in subject-matter pending appeals.
The court will not relieve a client who has acted upon erroneous advice of counsel as to the legal effect of a stipulation postponing the execution pf a judgment.
When a decree requires the defendant, to deliver a certificate of stock to the " plaintiff, with permission to the latter on the - defendant’s default to enter judgment for an adjudged value thereof,' the defendant will not be relieved from, a money judgment entered by the plaintiff be'cause the value of the stock has diminished pending unsuccessful appeals by the defendant.
Appeal by the defendant, William A. Clark, from an order of the Supreme Court, made at the New York Special'Term bearing date the 6th day of January, 1908, and entered-in the office of the clerk of the county of New York. ■
Alfred JB.. Cruilcshanlc, for the appellant.
Charles M. Demond, for the respondent. ■

Opinion:
McLaughlin, J.:
This appeal is from an order denying appellant's motion for an extension, of time to deliver a certain certificate of stock. The appeal was argued in connection with a motion to vacate a judgment between the same parties. (Treadwell v. Clark, No. 1, 124 App. Div. 256.) The two appeals are practically identical and are based upon substantially the same facts, and for the reasons stated in the opinion delivered in. the other appeal this order must be affirmed.
It is true on the motion which resulted in the order here appealed from an affidavit was presented by Clark to the effect that he acted upon the advice of counsel, who informed him that the certificate of stock and the bond could be delivered at any time within thirty days after the remittitur of the Court of Appeals had been filed in the Supreme Court. This advice, if given, was an erroneous view as to the law and is not a sufficient ground for relief. (Weed v. Weed, 94 N. Y. 243; Jacobs v. Morange, 47 id. 57.) There is in this affidavit a statement to the effect that the certificate of stock is not worth $30,000 or anything near like that amount, and it would be unjust and inequitable' to compel defendant to pay that sum. The trial court found that this was the value of the certificate at the time the trial took place. The plaintiff has been prevented since that time from either receiving the value or taking the certificate by reason of the defendant's appeals. Defendant having been the sole cause of the 'delay it would seem to be unjust and inequitable to the plaintiff to. now compel him to take the certificate of stock, it having depreciated in value.
The order appealed from, therefore, is affirmed, with ten dollars costs and disbursements.
Pattersoh, P. J., Laughlin, Clarke and Scott, JJ.,,concurred.
Order affirmed, with ten dollars costs and disbursements. "