Legal Opinion
Allied Irish Banks, PLC v. Young Men's Christian Ass'n of Greenwich
New York Supreme Court
Decided April 12, 2012PublishedCited by 4 opinions
1Opinion of the Court
OPINION OF THE COURT
Bernard J. Fried, J.
This is a motion for summary judgment in lieu of complaint under CPLR 3213 on an interest rate swap agreement entered into by Allied Irish Banks, PLC (AIB) and the Young Men’s Christian Association of Greenwich (YMCA). AIB claims that the YMCA breached the swap agreement in a variety of ways, including by failing to pay its side of the swap agreement as payments became due, failing to disclose violations of certain covenants, and misrepresenting the facts of its financial position. I find that the interest rate swap agreement between the parties does…
2Cases cited13 opinions
- Interman Industrial Products, Ltd. v. R. S. M. Electron Power, Inc.New York Court of Appeals · 1975
- Jefpaul Garage Corp. v. Presbyterian HospitalNew York Court of Appeals · 1984
- Weissman v. Sinorm Deli, Inc.New York Court of Appeals · 1996
- Kornfeld v. NRX Technologies, Inc.Appellate Division of the Supreme Court of the State of New York · 1983
- A. Alport & Son, Inc. v. Hotel Evans, Inc.New York Supreme Court · 1970
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3Cited by4 opinions
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