Legal Opinion
First Fidelity Bank, N.A. v. Eleven Hundred Metroplex Associates
District Court, S.D. New York
Decided November 28, 1995No. 95 Civ. 4664 (SS)PublishedCited by 2 opinions
1Opinion of the Court
OPINION AND ORDER
SOTOMAYOR, District Judge.
Plaintiff/appellant, the First Fidehty Bank (“FFB” or “Bank”), appeals from an order of the United States Bankruptcy Court entered on the record on May 11, 1995 (the “Order”) granting the motion of debtor Eleven Hundred Metroplex Associates (the “Debtor”) to use certain rental income as cash collateral. For the reasons discussed below, FFB’s appeal is GRANTED and the Order of the Bankruptcy Court is REVERSED.
BACKGROUND
The Debtor is a New Jersey general partnership involved in commercial real estate. On December 31, 1990, the Debtor borrowed $14.5…
2Cases cited12 opinions
- Erie Railroad v. TompkinsSupreme Court of the United States · 1938
- Butner v. United StatesSupreme Court of the United States · 1979
- Factors Etc., Inc. And Boxcar Enterprises, Inc. v. Pro Arts, Inc. And Stop and Shop Companies, Inc.Court of Appeals for the Second Circuit · 1981
- In Re Prudential Lines Inc.Court of Appeals for the Second Circuit · 1991
- In Re Jason Realty, L.P., Debtor. First Fidelity Bank, N.A. v. Jason Realty, L.P., Jason Realty, L.P. v. First Fidelity Bank, N.ACourt of Appeals for the First Circuit · 1995
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3Cited by2 opinions
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