Legal Opinion
Minority Equity Capital Co., Inc. v. Jackson
District Court, S.D. New York
Decided September 9, 1992No. 92 Civ. 0532 (LJF)PublishedCited by 7 opinions
1Opinion of the Court
OPINION AND ORDER
FREEH, District Judge.
In this action involving a promissory note, Minority Equity Capital Company, Inc. (“MECCO”) seeks summary judgment pursuant to Fed.R.Civ.P. 56 against Eugene D. Jackson (“Jackson”) on the grounds that Jackson is in substantial default. Jackson opposes MECCO’s motion and cross-moves for summary judgment and Rule 11 sanctions contending that under the Subordination Agreement, MECCO has no right to sue Jackson until he pays all his debts to Chemical Bank (“Chemical”), the Senior Creditor. For the reasons stated at oral argument and below, MEC-CO’s motion is…
2Cases cited4 opinions
- Kornfeld v. NRX Technologies, Inc.New York Court of Appeals · 1984
- Kornfeld v. NRX Technologies, Inc.Appellate Division of the Supreme Court of the State of New York · 1983
- Wisnouse v. TelseyDistrict Court, S.D. New York · 1973
- Charles W. And Ruby W. Norton, Inc., an Iowa Corporation v. Leadville Corporation, a Colorado CorporationCourt of Appeals for the Tenth Circuit · 1978
3Cited by7 opinions
- SCR Joint Venture L.P. v. WarshawskyCourt of Appeals for the Second Circuit · 2009
- Fischer & Mandell LLP v. Citibank, N.A.Court of Appeals for the Second Circuit · 2011
- Giddens v. 344 Individuals (In re Lehman Bros. Inc.)United States Bankruptcy Court, S.D. New York · 2017
- HCE Pepperell, Inc. v. Energy Management, Inc.Massachusetts Superior Court · 1994
- Nordberg v. South Street Seaport Corp.Appellate Division of the Supreme Court of the State of New York · 2007
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