Flight Dynamics, Inc. v. Questech Capital Corp.

Plaintiffs appeal challenges the part of a judgment that denied it attorney fees. Plaintiff borrowed $500,000 from defendant under a loan agreement which provided that defendant could convert the amount due into plaintiffs common stock 1 at any time before or after default. The loan agreement also provided in section 8.2:

“In case any one or more of the Events of Default shall happen and be continuing, the Note holder may proceed to protect and enforce his rights either by suit in equity or by action at law, or both, whether for the specific performance of any covenant, condition, or agreement…