Legal Opinion
Teachers Insurance & Annuity Ass'n of America v. Coaxial Communications of Central Ohio, Inc.
District Court, S.D. New York
Decided December 8, 1992No. 88 Civ. 1073 (VLB)PublishedCited by 14 opinions
1Opinion of the Court
MEMORANDUM ORDER
VINCENT L. BRODERICK, District Judge.
I
This case involves alleged breach by defendant (“Coaxial”) of a commitment letter binding it to borrow and plaintiff (“TIAA”) to lend $55 million to three related entities for ten years at 11.44% interest. As described below, both parties sought changes in several of the key provisions of the commitment letter. The key question in this litigation was which party (if not both) was responsible for the ultimate breakdown of negotiations to translate the commitment letter, which I held to be binding on both parties, into an actual loan…
2Cases cited11 opinions
- Gregory v. HelveringSupreme Court of the United States · 1935
- Teachers Insurance & Annuity Ass'n of America v. Tribune Co.District Court, S.D. New York · 1987
- Cross & Cross Properties, Ltd., Cross-Appellant v. Everett Allied Company, Cross-AppelleeCourt of Appeals for the Second Circuit · 1989
- United States v. Ingredient Technology Corporation, Formerly Known as Sucrest Corporation, and Robert M. RapaportCourt of Appeals for the Second Circuit · 1983
- Evans, Inc. v. Tiffany & Co.District Court, N.D. Illinois · 1976
6 more not listed; retrieve them via the Exa API.
3Cited by14 opinions
- Drapkin v. Mafco Consolidated Group, Inc.District Court, S.D. New York · 2011
- Erwin DeMarino Trucking Co. v. JacksonDistrict Court, S.D. New York · 1993
- Bear, Stearns Funding, Inc. v. Interface Group-Nevada, Inc.District Court, S.D. New York · 2005
- Tetra Technologies, Inc. v. HarterDistrict Court, S.D. New York · 1993
- In Re Presidential Life SecuritiesDistrict Court, S.D. New York · 1994
9 more not listed; retrieve them via the Exa API.