Legal Opinion
Cortlandt Street Recovery Corp. v. Hellas Telecommunications
New York Supreme Court
Decided September 16, 2014PublishedCited by 4 opinions
1Opinion of the Court
*547OPINION OF THE COURT
Marcy S. Friedman, J.
These four related actions seek payment of principal and interest on notes issued in public offerings. Three of the actions were brought to recover on payment in kind notes (PIK notes or notes). Plaintiffs in these actions are Cortlandt Street Recovery Corp., an assignee for collection, and/or Wilmington Trust Co. (WTC), the indenture trustee. The fourth action was brought by Cortlandt to recover on subordinated notes (sub notes or notes). All of the actions allege that the Hellas entities which issued and guaranteed the notes transferred the proceeds…
2Cases cited54 opinions
- Sprint Communications Co. v. APCC Services, Inc.Supreme Court of the United States · 2008
- Society of Plastics Industry, Inc. v. County of SuffolkNew York Court of Appeals · 1991
- Wells Fargo Bank Minnesota, National Ass'n v. MastropaoloAppellate Division of the Supreme Court of the State of New York · 2007
- Pludeman v. NORTHERN LEASINGNew York Court of Appeals · 2008
- Interman Industrial Products, Ltd. v. R. S. M. Electron Power, Inc.New York Court of Appeals · 1975
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3Cited by4 opinions
- Cortlandt Street Recovery Corp. v. Hellas TelecommunicationsCourt of Appeals for the Second Circuit · 2015
- Cortlandt St. Recovery Corp. v. BondermanCourt for the Trial of Impeachments and Correction of Errors · 2018
- New Gold Equities Corp. v. Jaffe Spindler Co.New Jersey Superior Court Appellate Division · 2018
- Cortlandt St. Recovery Corp. v. Hellas Telecommunications, S.À.R.L.Court of Appeals for the Second Circuit · 2015