Legal Opinion
L & B 57th Street, Inc. v. E.M. Blanchard, Inc.
Court of Appeals for the Second Circuit
Decided May 4, 1998No. Nos. 1572, 2084 and 1573, Dockets 97-7432, 97-7454 and 97-9154PublishedCited by 9 opinions
1Opinion of the Court
JACOBS, Circuit Judge:
L & B 57th Street, Inc. (“L & B”) is a real-estate investment company that entered into a ten-year lease with E.M. Blanchard, Inc. (“EMB”) dated April 1, 1993 for. the rental of three floors of L & B’s building at 37 West 57th street in New York City. Pursuant to the lease, EMB posted a security deposit of $193,250 by letter of credit. Robert Blanchard — father of EMB’s principal, Elizabeth Blanchard — guaranteed EMB’s performance under the lease. Since EMB defaulted on the lease, and is now apparently judgment-proof, Blanchard’s obligation under the guaranty is the sole…
2Cases cited17 opinions
- Rose v. Spa Realty AssociatesNew York Court of Appeals · 1977
- Carson v. Federal Reserve BankNew York Court of Appeals · 1930
- Fore Improvement Corporation, .Appellant v. George R. Selig, Trustee-Appellee. In the Matter of Tru-Seal Aluminum Products Corp., BankruptCourt of Appeals for the Second Circuit · 1960
- Benderson Development Co. v. Schwab Bros. Trucking, Inc.Appellate Division of the Supreme Court of the State of New York · 1978
- LeRoy v. SayersAppellate Division of the Supreme Court of the State of New York · 1995
12 more not listed; retrieve them via the Exa API.
3Cited by9 opinions
- Bank of New York v. First Millennium, Inc.Court of Appeals for the Second Circuit · 2010
- Wechsler v. Hunt Health Systems, Ltd.District Court, S.D. New York · 2002
- Russo v. HellerAppellate Division of the Supreme Court of the State of New York · 2011
- Preamble Properties, L.P. v. Thomas K. Woodard Antiques Corp.Appellate Division of the Supreme Court of the State of New York · 2002
- Zevnik, Horton, Guibord, McGovern, Palmer & Fognani, LLP v. Sheraton Holding Corp.Appellate Division of the Supreme Court of the State of New York · 2003
4 more not listed; retrieve them via the Exa API.