The moving party sought leave to appeal an order setting aside a Certificate of Pending Litigation (CPL) and an interlocutory injunction regarding a $37 million real estate transaction.
The moving party requested a stay of the order to keep the CPL in place pending the leave motion.
To avoid the time and expense of a contested stay motion, the court used its case management powers to expedite the motion for leave to appeal and granted an interim stay, conditional upon the moving party providing a $5 million undertaking in damages.