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CITY OF YONKERS v. OTIS ELEVATOR CO.

No. 1142, Docket 87-7092.

844 F.2d 42 (1988)

CITY OF YONKERS and Yonkers Community Development Agency, Plaintiffs-Appellants, Vito J. Cassan, Esq., Appellant, v. OTIS ELEVATOR COMPANY and United Technologies Corporation, Defendants-Appellees.

United States Court of Appeals, Second Circuit.

Decided April 7, 1988.

Attorney(s) appearing for the Case

Vito J. Cassan, New York City, John D. Calamari, Joseph M. Perillo, New York City, of counsel), for plaintiffs-appellants.

Robert Mazur, New York City (Wachtell, Lipton, Rosen & Katz, New York City, Donald N. Cohen, of counsel), for defendants-appellees.

Before KAUFMAN, MESKILL and MAHONEY, Circuit Judges.

MAHONEY, Circuit Judge:

This diversity case, acknowledged by all parties to be governed by New York law, arises out of the City of Yonkers' ("Yonkers") attempt to prevent a major employer within its borders, Otis Elevator Company ("Otis"), from moving out of the city. After Yonkers and the Yonkers Community Development Agency (the "Agency") granted Otis various benefits, Otis stayed in the city for a number of years. However, the Otis facility was rendered uneconomical...

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