MATTER OF GRINNELL CORP.


32 A.D.2d 901 (1969)

In the Matter of the Arbitration between Grinnell Corporation, Respondent, and American District Telegraph Company, Appellant

Appellate Division of the Supreme Court of the State of New York, First Department.

July 8, 1969


Judgment entered February 14, 1969, granting motion to compel arbitration and denying cross motion for a stay, affirmed, with $30 costs and disbursements to respondent.

The "Commutation Agreement" under scrutiny provided: "In default of agreement as to the amount of the monetary value of any such consideration, such amount will be finally determined by arbitration in New York in accordance with the Commercial Arbitration Rules of the American Arbitration Association...

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