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TENWOOD ASSOCS v. US INS CO

104 Misc.2d 467 (1980)

A. J. Tenwood Associates, Inc., a New York Corporation, Plaintiff, v. United States Fire Insurance Company, a Foreign Corporation, Defendant.

Supreme Court, Trial Term, New York County.

May 30, 1980.

Attorney(s) appearing for the Case

M. Carl Levine, Morgulas & Foreman (David Morgulas of counsel), for plaintiff. Newman & Schlau for defendant.

SHANLEY N. EGETH, J.

In this action on a performance bond plaintiff moves for enforcement of a stipulation of settlement (see Teitelbaum Holdings v Gold, 48 N.Y.2d 51).

There is no dispute that the parties to this action orally agreed to settle it out of court for $350,000. The settlement was reported to the court by the defendant's attorney, a few days prior...

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