Legal Opinion

Canadian Imperial Bank of Commerce v. Aircraft Income Partners II, L.P. (In re Integrated Resources, Inc.)

District Court, S.D. New York

Decided January 17, 1991No. Bankruptcy No. 90-B-10411 (CB); Adv. No. 90-6034APublishedCited by 2 opinions

1Opinion of the Court

DECISION ON MOTIONS FOR SUMMARY JUDGMENT REGARDING CERTAIN LOAN AGREEMENTS BETWEEN PLAINTIFFS AND DEFENDANTS

CORNELIUS BLACKSHEAR, Bankruptcy Judge.

I. Factual Background

A. AIP Commences a Public Offering of Limited Partnership Units

By Prospectus, dated May 1, 1989, AIP1 commenced a public offering of up to $200,-*183000,000 of limited partnership units. According to the Prospectus, “[t]he General Partner reserve[d] the right, in its sole discretion, to terminate the offering for any reason whatsoever prior to the sale of the maximum number of Units.” Prospectus at 6.

Under the terms of the…

2Cases cited21 opinions

  1. Anderson v. Liberty Lobby, Inc.Supreme Court of the United States · 1986
  2. Matsushita Electric Industrial Co., Ltd. v. Zenith Radio CorporationSupreme Court of the United States · 1986
  3. United States v. Diebold, Inc.Supreme Court of the United States · 1962
  4. Glanzer v. . ShepardNew York Court of Appeals · 1922
  5. White v. GuarenteNew York Court of Appeals · 1977

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3Cited by2 opinions

  1. In Re Infiltrator Systems, Inc.United States Bankruptcy Court, D. Connecticut · 2000
  2. JW Gaming Development, LLC v. JamesDistrict Court, N.D. California · 2020

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