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AM. MOTORISTS INS. CO. v. NAPCO SEC. SYS. INC.

249 A.D.2d 43 (1998)

671 N.Y.S.2d 235

American Motorists Insurance Company v. Napco Security Systems Inc.

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

April 7, 1998

In this action, plaintiff originally sought specific performance of a collateral security clause of the parties' indemnity agreement, specifically, to require defendants to post $150,000 as security for two United States Customs demands that plaintiff as surety pay $88,233.90 and $44,773.04, respectively.* Plaintiff also sought attorneys' fees pursuant to the indemnity agreement, based on defendants' failure to post the requested security. On...

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