Legal Opinion
Purchase Partners, LLC v. Carver Federal Savings Bank
District Court, S.D. New York
Decided December 13, 2012No. 09 Civ. 9687(JMF)PublishedCited by 29 opinions
1Opinion of the Court
*484 OPINION AND ORDER
JESSE M. FURMAN, District Judge.
The present case involves a dispute between two banks over losses arising from a mortgage loan to a borrower who subsequently defaulted. In March 2007, Defendant Carver Federal Savings Bank (“Carver,” the “Lender,” or the “Defendant”)— a New York Bank — made a loan totaling $6,080,000 to Shaker Gardens, Inc. (“Shaker” or the “Borrower”), a New York corporation wholly owned by Yehuda Nelkenbaum, to finance the purchase of real property in Monticello, New York, containing approximately 170 residential apartments. The same day, Carver and…
2Cases cited48 opinions
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- Parklane Hosiery Co. v. ShoreSupreme Court of the United States · 1979
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3Cited by29 opinions
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