Legal Opinion
Thermal Imaging, Inc. v. Sandgrain Securities, Inc.
District Court, S.D. New York
Decided August 15, 2001No. 99CIV.11728(DC), 85977PublishedCited by 14 opinions
1Opinion of the Court
OPINION
CHIN, District Judge.
In 1995, plaintiff Thermal Imaging, Inc. (“Thermal”) decided to seek financing for an affiliated company, Computerized Thermal Imaging, Inc. (“CTI”). After a series of negotiations, Thermal entered into a loan agreement with Keystone Financial, Inc. (“Keystone”), a commercial lender specializing in loans secured by shares of stock. Under the terms of the agreement, Keystone agreed to loan Thermal $1,400,000 and Thermal “pledged” a certain amount of CTI stock as collateral. Thermal obtained the stock from plaintiff Paul Holt, a stock certificate was issued in…
2Cases cited9 opinions
- Diamond v. OreamunoNew York Court of Appeals · 1969
- Mandelblatt v. Devon Stores, Inc.Appellate Division of the Supreme Court of the State of New York · 1987
- Cromer Finance Ltd. v. BergerDistrict Court, S.D. New York · 2001
- Fed. Sec. L. Rep. P 96,288 William S. Flickinger v. Harold C. Brown & Co., Inc. And Bradford Broker Settlement, Inc., N/k/a Fidata CorporationCourt of Appeals for the Second Circuit · 1991
- Kagan v. K-Tel Entertainment, Inc.Appellate Division of the Supreme Court of the State of New York · 1991
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3Cited by14 opinions
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- King County v. IKB Deutsche Industriebank AGDistrict Court, S.D. New York · 2012
- Dubai Islamic Bank v. Citibank, N.A.District Court, S.D. New York · 2003
- Ciccone v. HershDistrict Court, S.D. New York · 2008
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