Legal Opinion
Vornado PS, L.L.C. v. Primestone Investment Partners, L.P.
Court of Chancery of Delaware
Decided December 19, 2002No. C.A. 19264PublishedCited by 3 opinions
1Opinion of the Court
OPINION AND ORDER
LAMB, Vice Chancellor.
I
This action arises out of two loans advanced to the defendant, a Delaware bmit-ed partnership engaged in the business of commercial real estate development, by the plaintiff, a Delaware bmited liability company also engaged in the business of commercial real estate development. The loans were secured by units in a bmited partnership. The borrower eventuaby defaulted on the loans, and the lender sought to dispose of the units in an open outcry auction. After a significant marketing process by the lender’s financial advisor, the lender made the only bid…
2Cases cited22 opinions
- Kronos, Inc. v. AVX Corp.New York Court of Appeals · 1993
- NBT Bancorp Inc. v. Fleet/Norstar Financial Group, Inc.New York Court of Appeals · 1996
- K.M.C. Co., Inc. v. Irving Trust CompanyCourt of Appeals for the Sixth Circuit · 1985
- Williams v. GeierSupreme Court of Delaware · 1996
- Craig P. Nadel, Plaintiff-Counter-Defendant-Appellant-Cross-Appellee v. Play-By-Play Toys & Novelties, Inc., Defendant-Counter-Claimant-AppelleeCourt of Appeals for the Second Circuit · 2000
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3Cited by3 opinions
- Edgewater Growth Capital Partners LP v. H.I.G. Capital, Inc.Court of Chancery of Delaware · 2013
- Rapoca Energy Co., LLP v. Jl Mining Co.District Court, W.D. Virginia · 2005
- Paul Elton, LLC v. Rommel Delaware, LLCCourt of Chancery of Delaware · 2020