Burleigh House, Inc. v. Financial Federal Savings & Loan Ass'n

DAVID GOODHART, Circuit Judge.

Final judgment: This cause came on to be heard before me, the undersigned judge of the above entitled court, for.non-jury trial. The issues were framed by the amended complaint, more definite statement, and answer to the amended complaint. Plaintiff has alleged usury in connection with an eighteen month, $7,000,000 loan, evidenced by a note payable to the defendant in the amount of $7,800,000. Defendant has denied usury and raised one affirmative defense, that the action is barred by the statute of limitations.

This court heard testimony for two days and listened…