Legal Opinion
UBS AG, STAMFORD BRANCH v. HealthSouth Corp.
District Court, S.D. New York
Decided June 6, 2008No. 07 Civ. 8490 (LAP)PublishedCited by 7 opinions
1Opinion of the Court
OPINION
LORETTA A. PRESEA, District Judge.
In 2001 and 2002, Defendant Health-South Corporation (“HealthSouth”) guaranteed $20 million in loans to MedCenterDirect.Com, Inc. (“MCDC”) under a Credit Agreement (the “Credit Agreement” or the “Agreement”) executed with Plaintiff UBS AG, Stamford Branch (“UBS AG”). In this action, UBS AG seeks to enforce that guarantee by way of summary judgment, and HealthSouth moves that the Court abstain. For the reasons set forth below, UBS AG’s motion is GRANTED, and HealthSouth’s motion is DENIED.
I. BACKGROUND
A. The Credit Agreement & Default
The loans at issue…
2Cases cited31 opinions
- Celotex Corp. v. Catrett, Administratrix of the Estate of CatrettSupreme Court of the United States · 1986
- Matsushita Electric Industrial Co., Ltd. v. Zenith Radio CorporationSupreme Court of the United States · 1986
- Moses H. Cone Memorial Hospital v. Mercury Construction Corp.Supreme Court of the United States · 1983
- Colorado River Water Conservation District v. United StatesSupreme Court of the United States · 1976
- Carol A. Gallo v. Prudential Residential Services, Limited Partnership, Doing Business as Prudential Relocation ManagementCourt of Appeals for the Second Circuit · 1994
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3Cited by7 opinions
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- MJR International Inc. v. American Arbitration Ass'nDistrict Court, S.D. Ohio · 2009
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