Rio Algom, Inc. v. Sammi Steel Co.
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
Order of the Supreme Court, New York County (Irma Santaella, J.), entered May 25, 1990, which granted plaintiffs’ motion to stay arbitration and denied defendants’ cross motion to compel arbitration and stay the underlying action (CPLR 7503), unanimously reversed, on the law, the motion denied and the cross motion granted, without costs.
Defendants entered into a contract to acquire two steel mills owned by plaintiffs and operated as a subsidiary, Al Tech Specialty Steel Corporation. The contract of sale provides for adjustment of the purchase price on the basis of the net income to Al Tech…
2Cases cited7 opinions
- In Re the Arbitration Between Weinrott & CarpNew York Court of Appeals · 1973
- Nationwide General Insurance v. Investors Insurance Co. of AmericaNew York Court of Appeals · 1975
- In Re the Arbitration Between Siegel & LewisNew York Court of Appeals · 1976
- Board of Education v. BarniNew York Court of Appeals · 1980
- In the Arbitration between Franklin Central School & Franklin Teachers Ass'nNew York Court of Appeals · 1980
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3Cited by26 opinions
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- Travelers Insurance v. JobAppellate Division of the Supreme Court of the State of New York · 1997
- Hirschfeld Productions, Inc. v. MirvishAppellate Division of the Supreme Court of the State of New York · 1995
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