Legal Opinion

Fourth Ocean Putnam Corp. v. Suburbia Federal Savings & Loan Ass'n

Appellate Division of the Supreme Court of the State of New York

Decided November 3, 1986PublishedCited by 6 opinions

1Opinion of the Court

*551The plaintiff Lawrence Reed was the sole shareholder and officer of the plaintiff Fourth Ocean Putnam Corp. (hereinafter FOPC) which was the owner of Pebble Cove Properties in Atlantic Beach, New York. In September 1983 European American Bank & Trust Company, which held a mortgage on that property, began foreclosure proceedings in consequence of FOPC’s failure to make certain principal, interest and real estate tax payments.

On or about October 6, 1983, Manufacturers Hanover Trust Company committed itself to a refinancing arrangement which would have permitted FOPC to satisfy the existing…

2Cases cited4 opinions

  1. Guggenheimer v. GinzburgNew York Court of Appeals · 1977
  2. Austin Instrument, Inc. v. Loral Corp.New York Court of Appeals · 1971
  3. Stewart M. Muller Construction Co. v. New York Telephone Co.New York Court of Appeals · 1976
  4. Heimuller v. Amoco Oil Co.Appellate Division of the Supreme Court of the State of New York · 1983

3Cited by6 opinions

  1. Art Stone Theatrical Corp. v. Technical Programming & System Support of Long Island, Inc.Appellate Division of the Supreme Court of the State of New York · 1990
  2. Overbay, LLC v. Berkman, Henoch, Peterson, Peddy & Fenchel, P.C.Appellate Division of the Supreme Court of the State of New York · 2020
  3. Ramnarain v. RamnarainAppellate Division of the Supreme Court of the State of New York · 2007
  4. Weiss v. Alard, L.L.C.District Court, S.D. New York · 2001
  5. Passavanti v. PezzulloAppellate Division of the Supreme Court of the State of New York · 1987

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