Criterion Holding Co. v. Cerussi

This is a motion to strike out the defendants’ counterclaim as insufficient in law, and for summary judgment. The counterclaim alleges that the corporate defendant, of which the defendant Cerussi was the principal stockholder, was in financial difficulty. Its applications to various financial institutions for a building loan of $125,000 had been refused. After exhausting all other sources, it employed the Golran Realty Corporation as its agent for that purpose, and through it applied to the New York Title and Mortgage Company for such a loan on the representation of the Golran Realty…