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Matter of Yeroush Corporation v. Nhaissi

Appellate Division of the Supreme Court of New York, Second Department
Aug 13, 1990
164 A.D.2d 891 (N.Y. App. Div. 1990)

Opinion

August 13, 1990

Appeal from the Supreme Court, Nassau County (McCabe, J.).


Ordered that the judgment is modified, on the law, by adding a provision thereto awarding Yeroush Corporation prejudgment statutory interest from the date of the arbitration award; as so modified, the judgment is affirmed, with costs to Yeroush Corporation, for reasons stated by Justice McCabe at the Supreme Court, and the matter is remitted to the Supreme Court, Nassau County, to determine the interest due to Yeroush Corporation in accordance herewith, and for entry of an appropriate amended judgment.

We find that the Supreme Court should have awarded prejudgment interest to Yeroush Corporation, running from the date of the award. Although the arbitration award clearly provided that it was to be without interest, the clear import of those terms merely expressed that no interest was to be awarded from the date of the appellant's breach until the date of the award. Once there was an award, however, interest began to accrue as of that date until the entry of judgment thereon (see, Matter of Kavares [MVAIC], 29 A.D.2d 68, 70-71, affd 28 N.Y.2d 939; Matter of Durant v MVAIC, 20 A.D.2d 242, 249; Matter of Penco Fabrics [Louis Bogopulsky, Inc.], 1 A.D.2d 659; Matter of East India Trading Co. [Halari], 280 App. Div. 420, affd 305 N.Y. 866).

We have considered the parties' remaining contentions and find them to be without merit. Kunzeman, J.P., Harwood, Balletta and O'Brien, JJ., concur.


Summaries of

Matter of Yeroush Corporation v. Nhaissi

Appellate Division of the Supreme Court of New York, Second Department
Aug 13, 1990
164 A.D.2d 891 (N.Y. App. Div. 1990)
Case details for

Matter of Yeroush Corporation v. Nhaissi

Case Details

Full title:In the Matter of YEROUSH CORPORATION, Respondent-Appellant, v. ELI…

Court:Appellate Division of the Supreme Court of New York, Second Department

Date published: Aug 13, 1990

Citations

164 A.D.2d 891 (N.Y. App. Div. 1990)
559 N.Y.S.2d 569

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