| Camofi Master LDC v ComVest Group |
| 2013 NY Slip Op 01203 [103 AD3d 566] |
| February 26, 2013 |
| Appellate Division, First Department |
| Published by New York State Law Reporting Bureau pursuant to Judiciary Law § 431. |
| Camofi Master LDC, as Collateral Agent for Certain Senior
Convertible Secured Notes, as Holder of Such Notes and as Attorney-in-Fact of Pipeline
Data, Inc., et al., Respondents, v ComVest Group et al., Appellants. |
—[*1]
Akin Gump Strauss Hauer & Feld LLP, New York (Douglas A. Rappaport of
counsel), for respondents.
Order, Supreme Court, New York County (Shirley Werner Kornreich, J.), entered on or about June 19, 2012, which granted plaintiffs' motion to vacate the partial stay granted on defendants' prior motion to compel arbitration, unanimously affirmed, without costs.
Vacatur of the partial stay was a provident exercise of discretion in light of the timely amendment of the complaint as of right (see CPLR 3025 [a]) and the discontinuance of the arbitrable claims against the signatory to the agreement containing the arbitration clause. We reject defendants' present attempt to raise arguments against vacatur with respect to non-signatories and certain claims that it had previously failed to advance. Concur—Mazzarelli, J.P., Acosta, Freedman, Richter and Gische, JJ.