Legal Opinion

Citrus Tower Boulevard Imaging Center, LLC v. Key Equipment Finance, Inc. (In re Citrus Tower Boulevard Imaging Center, LLC)

United States Bankruptcy Court, N.D. Georgia

Decided September 9, 2014No. Bankruptcy No. 11-70284-MGD; Adversary No. 14-05105PublishedCited by 1 opinion

1Opinion of the Court

ORDER GRANTING DEFENDANT’S MOTION TO DISMISS

MARY GRACE DIEHL, Bankruptcy Judge.

This is an action brought by Debtor against its lender, Key Equipment Finance, Inc. (“Key”). Debtor was formed to build out an imaging center that would be leased to participating physicians. Debtor and Key entered into a Master Lease and Progress Payment Loan and Security Agreement in January 2010 to finance the build-out and to purchase necessary equipment. Key disbursed funds under the Progress Payment Loan based upon Debtor’s written requests. Debtor alleges that Key distributed approximately $3.9 million…

2Cases cited34 opinions

  1. Ashcroft v. IqbalSupreme Court of the United States · 2009
  2. Bell Atlantic Corp. v. TwomblySupreme Court of the United States · 2007
  3. Rothman v. GregorCourt of Appeals for the Second Circuit · 2000
  4. Nicholas La Grasta, Domenico La Grasta, and Mauro La Grasta, on Behalf of Themselves and All Others Similarly Situated v. First Union Securities, Inc.Court of Appeals for the First Circuit · 2004
  5. In the Matter of Mobile Steel Company, Debtor. Elaine E. Benjamin v. Lester Y. Diamond, as Trustee in Bankruptcy for Mobile Steel, Inc.Court of Appeals for the Fifth Circuit · 1977

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3Cited by1 opinion

  1. Bavaria Yachts USA, LLLP v. Bavaria Yachtbau GmbH (In re Bavaria Yachts USA, LLLP)United States Bankruptcy Court, N.D. Georgia · 2017

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