County Natwest Securities Corp., USA v. Jesup, Josephthal & Co.

Order, Supreme Court, New York County (Charles E. Ramos, J.), entered on August 21, 1991, which denied petitioner’s application for an order of attachment, unanimously reversed on the law, the facts and the exercise of discretion, the order of attachment granted, and plaintiff shall post an undertaking in the amount of $500 pursuant to CPLR 6212 (b), with costs and disbursements on the appeal.

In the underlying arbitration proceeding, petitioner County Natwest Securities Corp., USA (Natwest) is seeking to recover *469$4,528,000 due it from respondent Securities Settlement Corporation (SSC) under a…