641 N.Y.S.2d 59 | N.Y. App. Div. | 1996
In an action, inter alia, to recover damages for breach of contract, the plaintiff appeals from so much of an order of the Supreme Court, Kings County (Garry, J.), entered July 14, 1995, as denied his motion for partial summary judgment compelling the defendant Sholom Drizen to transfer ownership of the disputed shares of stock to him, and awarding him interest of $79,981.24 payable by the defendant D.I.D. Acquisition Co., Inc.
Ordered that the order is reversed insofar as appealed from, with costs, and the plaintiff’s motion for partial summary judgment compelling the defendant Sholom Drizen to transfer ownership of the disputed shares of stock to him, and awarding him interest of $79,981.24 payable by the defendant D.I.D. Acquisition Co., Inc., is granted.
Moreover, once ownership of the D.I.D. debenture at issue was transferred to the plaintiff, he was entitled to receive the interest payments thereon as provided for in the debenture. Since it is not disputed that D.I.D., without the plaintiff’s permission, paid $27,481.18 of the total interest due on that debenture to a third party, and held another $52,500.06 in interest payments on the same debenture in escrow, the plaintiff is entitled to partial summary judgment against D.I.D. with respect to his right to receive such interest payments. Miller, J. P., Joy, Hart and Krausman, JJ., concur.