Legal Opinion
Hibiscus Associates Ltd. v. Board of Trustees of the Policemen & Firemen Retirement System of the City of Detroit
Court of Appeals for the Eleventh Circuit
Decided April 20, 1995No. Nos. 92-2387, 92-3047PublishedCited by 1 opinion
1Opinion of the Court
ANDERSON, Circuit Judge:
This litigation concerns a $10.6 million loan that the Board of Trustees of the Policemen and Firemen Retirement System of the City of Detroit (hereinafter the “Pension Fund”) made to Hibiscus Associates, Ltd. (hereinafter “HAL”) on December 9, 1985, for development of the Oaks Shopping Center in Melbourne, Florida. A dispute arose between the parties in this case over whether HAL and the Guarantors of the loan (Hibiscus Development, Inc. (hereinafter “HDI”)), Thomas and Rita Head, and Gerald and Joyce Woehna)1 had satisfied their obligations under the loan. HAL and…
2Cases cited28 opinions
- Larry Bonner v. City of Prichard, AlabamaCourt of Appeals for the Eleventh Circuit · 1981
- Zenith Radio Corp. v. Hazeltine Research, Inc.Supreme Court of the United States · 1971
- Salen v. United States Lines Co.Supreme Court of the United States · 1962
- Ronald O. Pelletier v. Gary D. Zweifel, Ronald O. Pelletier v. Gary D. ZweifelCourt of Appeals for the Eleventh Circuit · 1991
- Chesapeake & Ohio Railway Co. v. MartinSupreme Court of the United States · 1931
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