On March 14, 2024, the First Department issued a decision in J.S.I.K. Intl. LLC v. Schuster, 2024 NY Slip Op. 01345, holding that an injunction was properly denied because the availability of money damages meant that there was no irreparable harm . . . Continue reading Injunction Denied Because Availability of Money Damages Meant that There Was No Irreparable Harm
On February 26, 2024, Justice Masley of the New York County Commercial Division issued a decision in ERI/SNL 2015 Holdings LLC v. SNL Dev. Group LLC, 2024 NY Slip Op. 30604(U), holding that assets to be enjoined must be the subject of the lawsuit . . . Continue reading Assets to be Enjoined Must be Subject of Lawsuit
On February 22, 2024, the Third Department issued a decision in Darwish Auto Group, LLC v. TD Bank, N.A., 2024 NY Slip Op. 00955, holding that a trial court erred in not explaining the basis for the amount of an undertaking imposed in connection with an injunction . . . Continue reading Trial Court Erred in Not Explaining Basis for Amount of Undertaking
On January 18, 2024, the First Department issued a decision in CMB Export Infrastructure Inv. Group 48, LP v. Motcomb Estates, Ltd., 2024 NY Slip Op. 00223, holding that an injunction was not justified to prevent only money damages . . . Continue reading Injunction Not Justified to Prevent Only Harm Compensable With Money Damages
On November 28, 2023, Justice Ruchelsman of the Kings County Commercial Division issued a decision in Ramirez v. Issa, 2023 NY Slip Op. 34206(U), refusing to appoint a receiver because the misconduct alleged was cured . . . Continue reading Court Refuses to Appoint Receiver Because Misconduct Alleged Was Cured
On November 30, 2023, Justice Ruchelsman of the Kings County Commercial Division issued a decision in L.I. Champions Taekwondo Inc. v. 151 Montague Opportunity LLC, 2023 NY Slip Op. 34218(U), declining to require an undertaking when issuing a Yellowstone injunction . . . Continue reading Court Declines to Require Undertaking on Yellowstone Injunction
On July 28, 2023, the Fourth Department issued a decision in Dan’s Hauling & Demo, Inc. v. GMMM Hickling, LLC, 2023 NY Slip Op. 04026, holding that the failure to post an undertaking justified vacating an injunction . . . Continue reading Failure to Post Undertaking Justifies Vacating Injunction
On May 4, 2023, the First Department issued a decision in 180 Life Sciences Corp. v. Tyche Capital LLC, 2023 NY Slip Op. 02376, holding that an undertaking did not need to be increased just because the defendant’s stock price dropped . . . Continue reading Undertaking Need Not be Increased Because of Drop in Defendant’s Stock Price
On March 14, 2023, the First Department issued a decision in Atlantic Specialty Ins. Co. v. Landmark Unlimited, Inc., 2023 NY Slip Op. 01253, holding that a surety was entitled to a mandatory injunction requiring indemnitors to provide collateral . . . Continue reading Surety Entitled to Mandatory Injunction Requiring Indemnitors to Provide Collateral
On March 8, 2023, Justice Chan of the New York County Commercial Division issued a decision in 1516 Roof LLC v. 469 Holdings, LLC, 2023 NY Slip Op. 30694(U), holding that the undertaking required for a Yellowstone injunction is to compensate the landlord if the injunction was improvidently granted, not to cure all alleged breaches . . . Continue reading Undertaking Required for Yellowstone Injunction is to Compensate Landlord if Injunction Improvidently Granted, Not to Cure All Alleged Breaches
