16 A.D.2d 895 | N.Y. App. Div. | 1962
Order entered on March 14, 1962 unanimously modified, on the law and on the facts and in the exercise of discretion, to the extent of (1) deleting the direction for consolidation of the arbitration before the appointee of the president of the Real Estate Board of New York, Inc. (“Board”) with the arbitration before the American Arbitration Association (“AAA”), and (2) directing that, until the determination of the motion now pending at Special Term to stay the AAA arbitration, both arbitrations shall be stayed on the following conditions: (a) if Special Term shall stay the AAA arbitration, the herein directed stay of the other arbitration shall thereupon terminate, and the latter arbitration may proceed, and (b) if Special Term shall deny a stay of the AAA arbitration, the herein