Legal Opinion
Windsor Shirt Co. v. New Jersey National Bank
District Court, E.D. Pennsylvania
Decided May 11, 1992No. Civ. A. 90-4851PublishedCited by 12 opinions
1Opinion of the Court
OPINION
CAHN, District Judge.
I. Background
On December 1st, 1989, defendant New Jersey National Bank (“Bank”) informed plaintiff Windsor Shirt Company (“Windsor”) that it was ending its banking relationship with Windsor. The Bank called Windsor’s Loan Agreement of November 18, 1988 (“Loan Agreement”), which was not due to expire until May, 1990, because it believed that Windsor had materially breached the Loan Agreement. The Bank demanded that Windsor immediately repay its remaining obligations under the Loan Agreement, $ 5.2 million, or face bankruptcy. Windsor agreed to repay $ 3.5 million in…
2Cases cited58 opinions
- Matsushita Electric Industrial Co., Ltd. v. Zenith Radio CorporationSupreme Court of the United States · 1986
- Heckler v. Community Health Services of Crawford County, Inc.Supreme Court of the United States · 1984
- Andrews v. City of PhiladelphiaCourt of Appeals for the Third Circuit · 1990
- In re Japanese Electronic Products Antitrust LitigationCourt of Appeals for the Third Circuit · 1983
- Mellon Bank, N.A. v. Aetna Business Credit, Inc.Court of Appeals for the Third Circuit · 1980
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3Cited by12 opinions
- Hernandez v. StateIndiana Supreme Court · 1999
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- CFMT, Inc. v. Steag Microtech, Inc.District Court, D. Delaware · 1998
- Polythane Systems, Inc. v. Marina Ventures International, Ltd.Court of Appeals for the Fifth Circuit · 1993
- Smithgall v. Trustees of the University of PennsylvaniaDistrict Court, E.D. Pennsylvania · 1994
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