Legal Opinion
Teachers Insurance & Annuity Ass'n of America v. Ormesa Geothermal
District Court, S.D. New York
Decided October 16, 1991No. 87 CV 1259 (KMW)PublishedCited by 26 opinions
1Opinion of the Court
AMENDED OPINION AND ORDER
KIMBA M. WOOD, District Judge.
Teachers Insurance and Annuity Association of America (“TIAA” or “Teachers”), a New York corporation that is an institutional lender, brought this action against a prospective borrower alleging breach of a commitment letter agreement that “circled” a “blended” interest rate of 10.64% for a twenty-year loan of $25,000,000. After a sharp decline in interest rates rendered the agreement less advantageous to the borrower, the borrower took a negotiating stance allegedly designed to alter or scuttle the transaction, and finally refused to…
2Cases cited9 opinions
- Jones & Laughlin Steel Corp. v. PfeiferSupreme Court of the United States · 1983
- Teachers Insurance & Annuity Ass'n of America v. Tribune Co.District Court, S.D. New York · 1987
- Arcadian Phosphates, Inc., Judas Azuelos, and Eli Sivan v. Arcadian CorporationCourt of Appeals for the Second Circuit · 1989
- Woodling v. Garrett Corp.Court of Appeals for the Second Circuit · 1987
- Esquire Radio & Electronics, Inc. v. Montgomery Ward & Co., Inc.Court of Appeals for the Second Circuit · 1986
4 more not listed; retrieve them via the Exa API.
3Cited by26 opinions
- In Re Chemtura Corp.United States Bankruptcy Court, S.D. New York · 2010
- Prusky Ex Rel. Windsor Securities, Inc. v. Reliastar Life InsuranceCourt of Appeals for the Third Circuit · 2008
- Fairbrook Leasing, Inc. v. Mesaba Aviation, Inc.Court of Appeals for the Eighth Circuit · 2008
- In Re South Side House, LLCUnited States Bankruptcy Court, E.D. New York · 2011
- Teachers Insurance & Annuity Ass'n v. Coaxial Communications of Central Ohio, Inc.District Court, S.D. New York · 1992
21 more not listed; retrieve them via the Exa API.