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GRAUBARD MOLLEN HOROWITZ POMERANZ & SHAPIRO v. 600 THIRD AVE. ASSOCS.

252 A.D.2d 453 (1998)

675 N.Y.S.2d 599

Graubard Mollen Horowitz Pomeranz & Shapiro, Appellant, v. 600 Third Avenue Associates, Respondent

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

July 23, 1998

In connection with plaintiff's application for a Yellowstone injunction, the parties established a joint escrow account in which disputed rent was deposited pursuant to court order. Upon granting partial summary judgment in favor of defendant landlord, Supreme Court held that defendant was entitled to interest on the escrowed funds at the statutory rate of 9 percent per annum, as provided in the subject lease for late rent...

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