Legal Opinion
Coated Sales, Inc. v. First Eastern Bank, N.A. (In Re Coated Sales, Inc.)
United States Bankruptcy Court, S.D. New York
Decided October 11, 1990No. 18-13752PublishedCited by 5 opinions
1Opinion of the Court
DECISION ON FIRST EASTERN BANK’S DEMAND FOR A JURY TRIAL ON COATED SALES, INC.’S PREFERENCE ACTION
CORNELIUS BLACKSHEAR, Bankruptcy Judge.
I. FACTS
On or about October 23, 1987, Coated Sales, Inc. (“CSI”) borrowed $5,000,000 from First Eastern (the “First Eastern Term Loan”), pursuant to a 1-year unsecured term loan agreement. The First Eastern Term Loan was evidenced by a demand note, dated as of the same day. The First Eastern Term Loan remained outstanding and unpaid until April 4, 1988. On or about April 12, 1988, Coated Sales prepaid in full the First Eastern Term Loan by transferring the…
2Cases cited13 opinions
- Granfinanciera, S.A. v. NordbergSupreme Court of the United States · 1989
- Katchen v. LandySupreme Court of the United States · 1966
- Schoenthal v. Irving Trust Co.Supreme Court of the United States · 1932
- Interconnect Telephone Services, Inc. v. FarrenDistrict Court, S.D. New York · 1986
- Reda, Inc. v. Harris Trust & Savings Bank (In Re Reda, Inc.)United States Bankruptcy Court, N.D. Illinois · 1986
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3Cited by5 opinions
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- Dowden v. Harper, Young, Smith & Maurras (In Re National Transport Services, Inc.)United States Bankruptcy Court, W.D. Arkansas · 1993
- McClelland v. Braverman Kaskey & Caprara, P.C. (In Re McClelland)United States Bankruptcy Court, S.D. New York · 2005