American Motorists Insurance v. Napco Security Systems, Inc.

—Order, Supreme Court, New York County (Louise Gruner Gans, J.), entered December 19, 1996, as amended by order of the same court and Justice, entered on or about April 11, 1997, which denied plaintiffs motion for summary judgment, and, upon a search of the record, granted defendants summary judgment dismissing the complaint and severing their counterclaims, unanimously affirmed, with costs.

Under the subject indemnity agreements, upon the demand for payment on the bonds by the United States Customs Service, plaintiff surety was entitled to seek a posting of collateral by defendants, as well…