Legal Opinion
Brandt-Airflex Corp. v. Long Island Trust Co., N.A. (In Re Brandt-Airflex Corp.)
District Court, E.D. New York
Decided September 18, 1987No. 87-CV-1303PublishedCited by 4 opinions
1Opinion of the Court
MEMORANDUM AND ORDER
PLATT, District Judge.
This is an appeal from the Bankruptcy Court’s order granting summary judgment for Brandt-Airflex Corp. (“Brandt”), the debtor. The procedural history of this appeal is complex and set forth in detail in In re Brandt-Airflex Corp., 73 B.R. 59 (E.D.N.Y.1987).
Brandt manufactures metal products and employs approximately sixty people. In 1983, in an effort to solve its deteriorating financial situation, Brandt and the Long Island Trust Company (“LITC”) entered into an “Overdraft Financing Agreement”. Under the terms of the agreement LITC honored…
2Cases cited5 opinions
- Warth v. SeldinSupreme Court of the United States · 1975
- Heckler v. RingerSupreme Court of the United States · 1984
- United States v. Fred A. Arnold, Inc.Court of Appeals for the Ninth Circuit · 1978
- Brandt-Airflex Corp. v. Long Island Trust Co. (In Re Brandt-Airflex Corp.)United States Bankruptcy Court, E.D. New York · 1987
- Brandt-Airflex Corp. v. Long Island Trust Co., N.A. (In Re Brandt-Airflex Corp.)District Court, E.D. New York · 1987
3Cited by4 opinions
- In Re LileUnited States Bankruptcy Court, S.D. Texas · 1989
- Brandt-Airflex Corp. v. Long Island Trust Co., N.A. (In re Brandt-Airflex Corp.)Court of Appeals for the Second Circuit · 1988
- Benoit v. Commissioner of RevenueSupreme Court of Minnesota · 1990
- In Re Brandt-Airflex CorporationCourt of Appeals for the Second Circuit · 1988