Courageous Syndicate, Inc. v. People-to-People Sports Committee, Inc.

Appellate Division of the Supreme Court of New York

Courageous Syndicate, Inc. v. People-to-People Sports Committee, Inc.

124 A.D.2d 776, 508 N.Y.S.2d 978, 1986 N.Y. App. Div. LEXIS 62094

CourtAppellate Division of the Supreme Court of the State of New York

DecidedNovember 24, 1986

StatusPublished

This text of 124 A.D.2d 776 (Courageous Syndicate, Inc. v. People-to-People Sports Committee, Inc.) is published on Counsel Stack Legal Research, covering Appellate Division of the Supreme Court of the State of New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Courageous Syndicate, Inc. v. People-to-People Sports Committee, Inc., 124 A.D.2d 776, 508 N.Y.S.2d 978, 1986 N.Y. App. Div. LEXIS 62094 (N.Y. Ct. App. 1986).

Pincite

Opinion

Pursuant to a written agreement, the appellants have been collecting money donated to support the plaintiffs’ preparations to compete in the 1987 America’s Cup Yacht Race and have been depositing the funds in the plaintiffs’ account. The appellants are refusing to release the funds to the plaintiffs, claiming that they are entitled to retain them as a setoff due to the plaintiffs’ alleged breaches of the agreement. We agree with Special Term that the plaintiffs have presented sufficient facts to justify the granting of a preliminary injunction, that is, they have demonstrated a likelihood of success on the merits, the threat of irreparable injury if the requested relief is not granted, and that the equities are balanced in their favor (see, Albini v Solork Assoc., 37 AD2d 835; CPLR 6301). Thompson, J. P., Bracken, Lawrence and Eiber, JJ., concur.

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Pursuant to a written agreement, the appellants have been collecting money donated to support the plaintiffs’ preparations to compete in the 1987 America’s Cup Yacht Race and have been depositing the funds in the plaintiffs’ account. The appellants are refusing to release the funds to the plaintiffs, claiming that they are entitled to retain them as a setoff due to the plaintiffs’ alleged breaches of the agreement. We agree with Special Term that the plaintiffs have presented sufficient facts to justify the granting of a preliminary injunction, that is, they have demonstrated a likelihood of success on the merits, the threat of irreparable injury if the requested relief is not granted, and that the equities are balanced in their favor (see, Albini v Solork Assoc., 37 AD2d 835; CPLR 6301). Thompson, J. P., Bracken, Lawrence and Eiber, JJ., concur.

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Bluebook (online)

124 A.D.2d 776, 508 N.Y.S.2d 978, 1986 N.Y. App. Div. LEXIS 62094, Counsel Stack Legal Research, https://law.counselstack.com/opinion/courageous-syndicate-inc-v-people-to-people-sports-committee-inc-nyappdiv-1986.

Opinion

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