Appellate Division of the Supreme Court of New York, 1979

American Hardware Supply Co. v. Rubin

American Hardware Supply Co. v. Rubin
Appellate Division of the Supreme Court of New York · Decided May 28, 1979
70 A.D.2d 648; 417 N.Y.S.2d 8; 1979 N.Y. App. Div. LEXIS 12097
American Hardware Supply Co. v. Rubin

Opinion of the Court

— In an action to recover damages for fraud and unjust enrichment, plaintiff appeals from a judgment of the Supreme Court, Suffolk County, entered March 20, 1978, which dismissed the complaint. Judgment affirmed, with costs. The trustee in bankruptcy had the exclusive right to bring an action to recover corporate assets fraudulently transferred to others (4B Collier, Bankruptcy [14th ed], § 70.92). Plaintiff may not circumvent this rule by bringing its own action against the transferees to recover damages for fraud or unjust enrichment. O’Connor, J. P., Rabin, Shapiro and Mangano, JJ., concur.

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