Bank of Tokyo Trust Co. v. Urban Food Malls Ltd.
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
OPINION OF THE COURT
Sullivan, J. P.
These four appeals arise out of an action to foreclose, inter alia, various mortgages and leasehold interests in 14 parcels of realty, pledged and collaterally assigned to plaintiff, The Bank of Tokyo Trust Company, a New York bánking corporation, as security for loans advanced by it to The Urban Food Malls Ltd. (UFM), a defendant herein. Although the facts underlying the loan advances and subsequent default are complex, the legal issue at the heart of these appeals—whether a pledgee of a mortgage may institute an action to foreclose on the real property…
2Cases cited25 opinions
- Solow v. W. R. Grace & Co.New York Court of Appeals · 1994
- United States Football League v. National Football LeagueDistrict Court, S.D. New York · 1985
- Prudence Co. v. 160 West Seventy-Third Street Corp.New York Court of Appeals · 1932
- Federal Deposit Insurance v. ForteAppellate Division of the Supreme Court of the State of New York · 1983
- Saftler v. Government Employees InsuranceAppellate Division of the Supreme Court of the State of New York · 1983
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