Legal Opinion
Keybank Natl. Assn. v. National Union Fire Ins. Co. of Pittsburgh, PA
Appellate Division of the Supreme Court of the State of New York
Decided January 22, 2015No. 13799 104125/10PublishedCited by 1 opinion
1Opinion of the Court
Order, Supreme Court, New York County (Jeffrey K. Oing, J), entered on or about July 10, 2013, which denied plaintiffs’ motion for summary judgment, unanimously affirmed, without costs.
Plaintiff bank loaned a developer more than $20 million for a condominium project. The loan was secured by mortgage liens on the condominium units and two New Jersey properties, and personal guarantees.
As individual condominium units were sold, a percentage of the proceeds was to be used to pay down the loan and release the lien on those units. Plaintiffs employee permitted the liens on 20 units to be released…
2Cases cited5 opinions
- Bank of Ann Arbor v. Everest National InsuranceCourt of Appeals for the Sixth Circuit · 2014
- Aetna Casualty & Surety Co. v. Kidder, Peabody & Co.Appellate Division of the Supreme Court of the State of New York · 1998
- National Bank of Pakistan v. BashamAppellate Division of the Supreme Court of the State of New York · 1988
- National Bank of Pakistan v. BashamNew York Court of Appeals · 1989
- Hudson United Bank v. Progressive Casualty InsuranceDistrict Court, E.D. Pennsylvania · 2001
3Cited by1 opinion
- Dillon v. Continental Casualty Co.District Court, N.D. California · 2017