Legal Opinion
LPP Mortgage, Ltd. v. Sugarman
Court of Appeals for the First Circuit
Decided May 7, 2009No. 08-2134PublishedCited by 18 opinions
1Opinion of the Court
BOUDIN, Circuit Judge.
The facts underlying this appeal date back to 1975, when the Small Business Administration (“SBA”) loaned $4 million, evidenced by a promissory note, to Statler Industries, Ltd. (“Statler”), an Augusta, Maine, based paper manufacturer. To secure the loan, the SBA received a first priority mortgage on the Statler plant site, a first priority security interest in almost all the company’s equipment and machinery and a personal guaranty of the loan from Leonard Sugarman, then Statler’s president and a major shareholder.
Sugarman’s attorney, Harris Baseman, was able to modify…
2Cases cited13 opinions
- Hunt Ltd. v. Lifschultz Fast Freight, Inc.Court of Appeals for the Second Circuit · 1989
- Carr v. PMS Fishing Corp.Court of Appeals for the First Circuit · 1999
- United States v. Bernard v. BausCourt of Appeals for the First Circuit · 1987
- Bank v. International Business MacHines Corp.Court of Appeals for the First Circuit · 1998
- ITT Corp. v. LTX Corp.Court of Appeals for the First Circuit · 1991
8 more not listed; retrieve them via the Exa API.
3Cited by18 opinions
- Gent v. CUNA Mutual Insurance SocietyCourt of Appeals for the First Circuit · 2010
- Kolbe v. BAC Home Loans Servicing, LPCourt of Appeals for the First Circuit · 2013
- Northern Ins. Co. of NY v. Point Judith MarinaCourt of Appeals for the First Circuit · 2009
- Haffenreffer v. HaffenrefferSupreme Court of Rhode Island · 2010
- Amicas, Inc. v. GMG Health Systems, LTD.Court of Appeals for the First Circuit · 2012
13 more not listed; retrieve them via the Exa API.