United Orient Bank v. Green
District Court, S.D. New York
1Opinion of the Court
MEMORANDUM OPINION
KAPLAN, District Judge.
The plaintiffs in this ease held security interests in the stock certificates and appurtenant proprietary leases for two units in an industrial cooperative building on the west side of Manhattan. Following defaults by the unit holders on obligations owed to both the plaintiff and entities controlled, by the defendant, the defendant, now in bankruptcy, purported to cancel the shares and terminate the leases and then resold the units for very substantial sums without applying the proceeds to payment of the debtors’ indebtedness to the plaintiffs. The…
2Cases cited12 opinions
- McIntyre v. KavanaughSupreme Court of the United States · 1916
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- Freeman v. Complex Computing Co.Court of Appeals for the Second Circuit · 1997
- Navistar Financial Corp. v. Stelluti (In Re Stelluti)United States Bankruptcy Court, S.D. New York · 1994
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