Legal Opinion

Citibank, N.A. v. Nyland (CF8) Ltd.

District Court, S.D. New York

Decided February 15, 1989No. 86 Civ. 9181 (WK)Published

1Opinion of the Court

WHITMAN KNAPP, District Judge.

On December 23, 1988, we entered judgment of foreclosure and sale in favor of plaintiff Citibank, directing that the mortgaged leasehold interest in 40 Wall Street be sold, and that the surplus proceeds of the sale be transferred to the court overseeing Republic of Philippines v. Marcos, 86 Civ. 2294 (PNL), a companion action pending in this district in which the Republic of the Philippines seeks to impress this and several other properties with a constructive trust, on the ground that they were purchased with monies unlawfully purloined from the Philippines by…

2Cases cited5 opinions

  1. Pennzoil Co. v. Texaco Inc.Supreme Court of the United States · 1987
  2. Texaco Inc. v. Pennzoil Company, State of Texas, IntervenorCourt of Appeals for the Second Circuit · 1986
  3. Revelone, Inc. v. Arlind Realty Corp.Appellate Division of the Supreme Court of the State of New York · 1949
  4. Revelone, Inc. v. Arlind Realty CorporationNew York Court of Appeals · 1949
  5. Matthews v. CTI Container Transport International Inc.District Court, S.D. New York · 1988

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