MATTER OF NEW YORK SURETY COMPANY


282 A.D.2d 463 (2001)

723 N.Y.S.2d 201

In the Matter of NEW YORK SURETY COMPANY. SUPERINTENDENT OF INSURANCE OF THE STATE OF NEW YORK, as Liquidator of NEW YORK SURETY COMPANY, Appellant; NEW YORK CITY ECONOMIC DEVELOPMENT CORPORATION, Respondent.

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

Decided April 2, 2001.


Ordered that the order is reversed insofar as appealed from, on the law, with costs, that branch of the motion which was to disallow that portion of the claim of the respondent New York City Economic Development Corporation which was to recover $53,852.05 in interest and $700 in costs due on bid bond number 41562B is granted, and that branch of the cross motion which was to direct the appellant pay those sums is denied.

On June 18, 1998, a judgment was entered in...

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