Defendants are the publishers of "Class Magazine". During 1989 and 1990, plaintiff printed the magazine, as well as posters, subscription cards and other promotional materials, for defendants. Defendants soon became delinquent in their payments to plaintiff, however, with arrears exceeding $75,000 by May 24, 1990. In early May 1990, plaintiff's comptroller visited defendants' principal, defendant Rene John-Sandy, and proposed that John-Sandy...
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