Legal Opinion
Prudential Insruance Co. of America v. Allied Tower, Ltd.
Supreme Court of Oklahoma
Decided October 26, 1993No. 77834Published
1Opinion of the Court
WATT, Justice.
The trial court granted summary judgment to Appellee, Prudential, as successor in interest to Allied Tower, Ltd., against the Federal Deposit Insurance Corporation as receiver for Allied Bank for underpayment of rent due under a lease. Prudential had lent Allied Tower over seven million-dollars in 1984. Prudential’s loan was secured both by a mortgage on the office building owned by Allied Tower, and by leases from the building’s tenants. As a condition of making the loan Prudential required that Allied Tower secure estoppel letters from its major tenants, including Allied Bank.…
2Cases cited16 opinions
- D'Oench, Duhme & Co. v. Federal Deposit InsuranceSupreme Court of the United States · 1942
- Langley v. Federal Deposit InsuranceSupreme Court of the United States · 1987
- Armstrong v. American Exchange Nat. Bank of ChicagoSupreme Court of the United States · 1890
- White v. KnoxSupreme Court of the United States · 1884
- The Federal Savings & Loan Insurance Corp., Etc., and First Gibraltar Bank, Fsb, Intervenor-Appellee v. Jack GriffinCourt of Appeals for the First Circuit · 1991
11 more not listed; retrieve them via the Exa API.