MGD Graphic Systems, Inc. v. New York Press Publishing Co.

Order, Supreme Court, New York County; entered February 3, 1976, denying plaintiff’s motion for seizure of property under CPLR article 71, unanimously reversed, on the law, and plaintiff’s motion granted, defendant’s cross motion granted to the extent of permitting the machinery to be reclaimed on condition that defendant post an undertaking of $5,900,000 and otherwise denied. Appellant shall recover of respondent $40 costs and disbursements of this appeal. Plaintiff sold to defendant’s predecessor in interest printing presses and related machinery. The sales agreements dated April 14, 1971,…