City of Yonkers v. Otis Elevator Co.

U.S. Court of Appeals, Second Circuit · Decided 1988-04-07

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MAHONEY, Circuit Judge: This diversity case, acknowledged by all parties to be governed by New York law, arises out of the City of Yonkers’ (“Yonkers”) attempt to prevent a major employer within its borders, Otis Elevator Company (“Otis”), from moving out of the city. After Yonkers and the Yonkers Community Development Agency (the “Agency”) granted Otis various benefits, Otis stayed in the city for a number of years. However…

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