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REVMAN INTL. INC. v. CIT GROUP/ COMMERCIAL SERVS., INC.

7833, 650379/11.

96 A.D.3d 423 (2012)

944 N.Y.S.2d 881

2012 NY Slip Op 4288

REVMAN INTERNATIONAL INC., Appellant, v. CIT GROUP/ COMMERCIAL SERVICES, INC., Respondent.

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

June 5, 2012.

The duty to indemnify plaintiff for its attorneys' fees cannot be implied from the agreement, the purpose of which was to provide plaintiff with liquidity (see Hooper Assoc. v AGS Computers, 74 N.Y.2d 487 [1989]; Ayala v Lockheed Martin Corp., 22 A.D.3d 394 [2005]). Contrary to plaintiff's contention, the parties' stipulation did not constitute an admission by defendant of any obligation...

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