BACKGROUND
The pertinent facts do not appear to be in dispute. Plaintiff, Arred Electrical Contracting Corp. ("Arred") was the electrical subcontractor on a residential construction project at 58-60 East 88th Street in Manhattan (the "Project"). On or about April 3, 1987 Arred commenced this adversary proceeding against defendants Herbert Construction Corp. ("Herbert") and Shnay Construction...
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