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

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

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    New York Marine wins court order forcing Millennia Assurance to post .75M collateral
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    New York Marine had asked the Supreme Court, New York County, to compel Millennia to deposit the collateral amount. The motion was initially denied without prejudice, but the Appellate Division, First Department, reversed that ruling. The appellate court found that New York Marine met the legal standard for a preliminary injunction, showing both a likelihood of success and potential for irreparable harm.



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