Legal Opinion
Lloyds Bank PLC v. State
Nevada Supreme Court
Decided November 29, 1993No. 24030PublishedCited by 1 opinion
1Opinion of the Court
*1112OPINION
2Per curiam
FACTS
Prior to January 2, 1990, Landmark Hotel and Casino, Inc. (“Landmark”) was the owner and operator of the Landmark Hotel and Casino, a business located in Las Vegas. On December 17, 1987, after filing for bankruptcy under Chapter 11, Landmark obtained a $20,000,000 loan from appellant Lloyds Bank PLC (“Lloyds”) which was secured by a deed of trust and security agreement encumbering all of Landmark’s personal and real property.
When Lloyds made the loan to Landmark, the casino was operating under a confirmed Chapter 11 plan of reorganization. However, the Chapter 11 plan proved…
3Cases cited5 opinions
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- Northern Lights Inn, Co. v. Employment Security Division, Department of LaborAlaska Supreme Court · 1985
4Cited by1 opinion
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