American Motorists Insurance v. Napco Security Systems Inc.

—On the Court’s own motion, pursuant to 22 NYCRR 130-1.1 et seq., costs in the amount of $10,000 are imposed against plaintiffs counsel, the Law Offices of Michael P. O’Connor, and in favor of Soller, Shayne & Horn, attorneys for defendants.

In this action, plaintiff originally sought specific performance of a collateral security clause of the parties’ indemnity agreement, specifically, to require defendants to post $150,000 as security for two United States Customs demands that plaintiff as surety pay $88,233.90 and $44,773.04, respectively.* Plaintiff also sought attorneys’ fees pursuant to…