New York Marine wins court docket order forcing Millennia Assurance to publish $4.75M collateral

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New York Marine wins court order forcing Millennia Assurance to post $4.75M collateral

New York Marine had requested the Supreme Courtroom, New York County, to compel Millennia to deposit the collateral quantity. The movement was initially denied with out prejudice, however the Appellate Division, First Division, reversed that ruling. The appellate court docket discovered that New York Marine met the authorized commonplace for a preliminary injunction, exhibiting each a probability of success and potential for irreparable hurt.