Springlake Corp. v. Symmarron Ltd. Partnership

WILNER, Judge.

This case is another part of the fallout descending from the machinations of Jeffrey Levitt, erstwhile president of Old Court Savings & Loan Association. The only question is whether the Circuit Court for Worcester County erred in concluding, on summary judgment, that a certain lease and leaseback arrangement entered into at the insistence of Mr. Levitt was unenforceable because it violated a regulation promulgated by the State Board of Building, Savings and Loan Association Commissioners. We find no error and shall therefore affirm the judgment.

The underlying facts are not in…