Abacus Federal Savings Bank, Appellant, v ADT Security Services, Inc., et al., Respondents,
Mar 22, 2012OUTCOME: Court of Appeals decided that a company who commits gross negligence cannot hide behind a waiver of liability
18 N.Y.3d 675; 967 N.E.2d 666; 944 N.Y.S.2d 443; Bank was burgled for 18 hours. The alarm did not go off. The alarm company was aware for several months that the alarm was not working but never notifi ... ed the bank or worked to correct the flaw. Alarm company claimed a waiver of liability in the contract protected them from a lawsuit
