Legal Opinion

eri/integral Holdings LLC v. Integral Fund I Investor, LLC; Iif1 Gp, LLC; Integral Development LLC; Eljp Real Estate, LLC; Egbert L.J. Perry; and Integral Investment Fund LLP

Massachusetts Superior Court

Decided June 26, 2024No. 2184CV00217-BLS2Published

1Opinion of the Court

SUPERIOR COURT

ERI/INTEGRAL HOLDINGS LLC v. INTEGRAL FUND I INVESTOR, LLC; IIF1 GP, LLC; INTEGRAL DEVELOPMENT LLC; ELJP REAL ESTATE, LLC; EGBERT L.J. PERRY; AND INTEGRAL INVESTMENT FUND LLP

Docket:

2184CV00217-BLS2

Dates:

May 31, 2024

Present:

Kenneth W. Salinger

County:

SUFFOLK

Keywords:

DECISION AND ORDER ON CROSS-MOTIONS FOR SUMMARY JUDGMENT

ERI/Integral Holdings LLC (“ERI”) made a $12 million non-recourse loan to Integral Fund I Investor, LLC, and IIF1 GP, LLC (the “Borrowers”). The principal plus 15 percent annual interest was to be repaid out of the Borrowers’ share of future distributions from…

2Cases cited57 opinions

  1. Kourouvacilis v. General Motors Corp.Massachusetts Supreme Judicial Court · 1991
  2. Young v. Wells Fargo Bank, N.A.Court of Appeals for the First Circuit · 2013
  3. McEvoy Travel Bureau, Inc. v. Norton Co.Massachusetts Supreme Judicial Court · 1990
  4. Rollins Environmental Services, Inc. v. Superior CourtMassachusetts Supreme Judicial Court · 1975
  5. Zimmerman v. KentMassachusetts Appeals Court · 1991

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