Legal Opinion
Stonehill Capital Management LLC v. Bank of the West
New York Court of Appeals
Decided December 20, 2016PublishedCited by 96 opinions
1Opinion of the Court
OPINION OF THE COURT
Rivera, J.
Plaintiffs Stonehill Capital Management LLC, Stonehill Institutional Partners, L.P. and Stonehill Master Fund Ltd. (collectively Stonehill) are affiliated commercial entities that seek to enforce the auction sale of a syndicated loan against defendant Bank of the West (BOTW). BOTW concedes that it accepted Stonehill’s bid and then refused to transfer the loan, but claims it had no legal obligation to do so because the parties never executed a written sales agreement and Stonehill failed to submit a timely cash deposit. However, these prerequisites are not…
2Cases cited18 opinions
- Alvarez v. Prospect HospitalNew York Court of Appeals · 1986
- BROWN BROS. v. Beam Constr.New York Court of Appeals · 1977
- S. J. Capelin Associates, Inc. v. Globe Manufacturing Corp.New York Court of Appeals · 1974
- Vega v. Restani Construction Corp.New York Court of Appeals · 2012
- Express Industries & Terminal Corp. v. New York State Department of TransportationNew York Court of Appeals · 1999
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3Cited by96 opinions
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