Legal Opinion
Frank Briscoe Co., Inc. v. Travelers Indem. Co.
District Court, D. New Jersey
Decided September 5, 1995No. Civ. A. 93-5222PublishedCited by 4 opinions
1Opinion of the Court
AMENDED OPINION
WOLIN, District Judge.
This case requires the Court to interpret an agreement, styled as an Agreement for Disposition of Collateral (“ADC”), in order to determine the respective rights of the parties. Plaintiff contends that it is owed approximately $400 million in accrued interest. Defendant denies any indebtedness to plaintiff and counters that plaintiff remains indebted to defendant. Despite the $400 million financial gulf that separates the parties, both parties agree that the contract is clear and unambiguous. This linguistic gymnastic is indisputably only possible in the…
2Cases cited7 opinions
- Mellon Bank, N.A. v. Aetna Business Credit, Inc.Court of Appeals for the Third Circuit · 1980
- Dunkin' Donuts of America, Inc. v. Middletown Donut Corp.Supreme Court of New Jersey · 1985
- Reading v. Travelers Insurance Co.Supreme Court of the United States · 1939
- American Cyanamid Company v. Fermenta Animal Health Company, a Delaware CorporationCourt of Appeals for the Third Circuit · 1995
- Air Master Sales Co. v. Northbridge Park Co-Op, Inc.District Court, D. New Jersey · 1990
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3Cited by4 opinions
- Frank Briscoe Co., Inc. v. Travelers Indem. Co.District Court, D. New Jersey · 1999
- Lewin v. LongDistrict Court, D. New Jersey · 1999
- CITIZENS BANK, N.A. v. NOSTRUM LABORATORIES, INC.District Court, D. New Jersey · 2024
- Dale Henceroth v. Chesapeake Exploration, LLCCourt of Appeals for the Sixth Circuit · 2020