Legal Opinion

First New York Bank for Business v. DeMarco

District Court, S.D. New York

Decided May 15, 1991No. 89 Civ. 5000 (RO)PublishedCited by 17 opinions

1Opinion of the Court

OPINION AND ORDER

OWEN, District Judge:

Plaintiff First New York Bank for Business 1 entered into a financing arrangement with Leonard Gold Co., Inc., of which defendants Nicholas DeMarco and John Oddo were the President and Secretary, respectively. Between February 8, 1988 and July 14, 1989 the bank extended credit, in varying amounts, to Leonard Gold, secured by the company’s personal property, chiefly its accounts receivable, and guaranteed by two written unconditional guaranties, one executed by Nicholas DeMarco and his wife Judith DeMarco and one executed by John Oddo and his wife Livia…

2Cases cited16 opinions

  1. Citibank, N. A. v. PlapingerNew York Court of Appeals · 1985
  2. 12 Collier bankr.cas.2d 899, Bankr. L. Rep. P 70,345 in Re Teltronics Services, Inc., Debtor. Anaconda-Ericsson Inc., as Successor by Merger to Lm Ericsson Telecommunications, Inc. v. Jules J. Hessen, as Trustee in Bankruptcy of Teltronics Services, Inc., Michael M. Rand and Gregory T. Frese, Teltronics Services, Inc., and Edward M. Beagan v. Anaconda-Ericsson Inc., Lm Ericsson Telephone Company, and Ericsson Telecomm, Inc.Court of Appeals for the Second Circuit · 1985
  3. State v. Avco Financial Service of New York Inc.New York Court of Appeals · 1980
  4. Walcutt v. Clevite Corp.New York Court of Appeals · 1963
  5. Fifty States Management Corp. v. Niagara Permanent Savings & Loan Ass'nAppellate Division of the Supreme Court of the State of New York · 1977

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3Cited by17 opinions

  1. Cooperatieve Centrale Raiffeisen-Boerenleenbank, B.A. v. Francisco Javier Herrera NavarroNew York Court of Appeals · 2015
  2. Littlefield v. Union State BankNorth Dakota Supreme Court · 1993
  3. Compagnie Financiere de CIC et de L'Union Europeenne v. Merrill Lynch, Pierce, Fenner & Smith Inc.Court of Appeals for the Second Circuit · 1999
  4. EMI Music Marketing v. Avatar Records, Inc.District Court, S.D. New York · 2004
  5. AXA Investment Managers UK Ltd. v. Endeavor Capital Management LLCDistrict Court, S.D. New York · 2012

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