Legal Opinion

In Re Policy Realty Corp.

District Court, S.D. New York

Decided July 14, 1999No. 99 Civ. 1524(SAS)PublishedCited by 18 opinions

1Opinion of the Court

OPINION AND ORDER

SCHEINDLIN, District Judge.

I. INTRODUCTION

Appellant, Treber Realty LLC (“Tre-ber”), is the owner of a building located at 101 West 23rd Street. Treber leases (“Net Lease”) the building to 101 West 23rd Street Inc. (“the Co-Op”). The CoOp subleases the commercial space in the building to Policy Realty Corp. (“Policy”), the debtor and appellee. Treber terminated the Net Lease with the Co-Op for failure to pay its rent arrears, pursuant to an accelerated termination clause in the Net Lease. Realizing that termination of the Net Lease between the Co-Op and Treber would also…

2Cases cited19 opinions

  1. Butner v. United StatesSupreme Court of the United States · 1979
  2. In Re Sonnax Industries, Inc., Debtor. Sonnax Industries, Inc. v. Tri Component Products Corp.Court of Appeals for the Second Circuit · 1990
  3. Gerald W. Moody, and Jermoo's Incorporated, Debtors-In-Possession, Plaintiffs v. Amoco Oil CompanyCourt of Appeals for the Seventh Circuit · 1984
  4. Shugrue v. Air Line Pilots Ass'n (In re Ionosphere Clubs, Inc.)Court of Appeals for the Second Circuit · 1990
  5. Long Island Gynecological Services v. 1103 Stewart Avenue Associates Ltd. PartnershipAppellate Division of the Supreme Court of the State of New York · 1996

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3Cited by18 opinions

  1. C.O.P. Coal Development Co v. C.W. Mining Co. (In Re C.W. Mining Co.)Bankruptcy Appellate Panel of the Tenth Circuit · 2010
  2. In Re P.J. Clarke's Restaurant Corp.United States Bankruptcy Court, S.D. New York · 2001
  3. Truong v. 325 Broadway Associates LLC (In re Truong)United States Bankruptcy Court, D. New Jersey · 2016
  4. In Re MargulisUnited States Bankruptcy Court, S.D. New York · 2005
  5. In Re Southcoast Express, Inc.United States Bankruptcy Court, D. Massachusetts · 2006

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