Dye v. Lincoln First Bank
New York Court of Appeals
Dye v. Lincoln First Bank, 38 N.Y.2d 769 (N.Y. 1975)
344 N.E.2d 57; 381 N.Y.S.2d 228; 1975 N.Y. LEXIS 2373
Dye v. Lincoln First Bank
Opinion of the Court
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 NY2d 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 AD2d 658, 662-663, affd 6 NY2d 815; see, also, Klein v Gruss & Son, 18 AD2d 1085; Riley v Southern Transp. Co., 278 App Div 605; 6 Carmody-Wait, 2d, NY Practice, § 39:39, p 492).
Chief Judge Breitel and Judges Jasen, Gabrielli, Jones, Wachtler, Fuchsberg and Cooke concur in memorandum.
Order affirmed.
Reference
- Full Case Name
- Marvin R. Dye, as Trustees for Bondholders Under an Instrument of Trust v. Lincoln First Bank of Rochester, Formerly Lincoln Rochester Trust Company
- Cited By
- 4 cases
- Status
- Published