CITIBANK, N.A. v. BLACKHAWK HEATING

Nos. 79-2236, 79-2252 and 79-2405.

398 So.2d 984 (1981)

CITIBANK, N.A., Petitioner, v. BLACKHAWK HEATING & PLUMBING COMPANY, INC., et al., Plaintiffs/Respondents, and Data Lease Financial Corporation et al., Defendants/Respondents. (2 Cases) CITIBANK, N.A., Petitioner, v. Hon. Paul T. DOUGLAS, As Judge of the Circuit Court of the Fifteenth Judicial Circuit of Florida, in and for Palm Beach County, Respondent.

District Court of Appeal of Florida, Fourth District.

May 20, 1981.


Attorney(s) appearing for the Case

John H. Schulte of Smathers & Thompson, Miami, for petitioner Citibank, N.A.

Michael Davis of Walton, Lantaff, Schroeder & Carson, West Palm Beach, for Blackhawk Heating & Plumbing Co., Inc.

Robert M. Sondak of Paul, Landy, Beiley & Harper, Miami, for Data Lease Financial Corp.


GLICKSTEIN, Judge.

For ten years Blackhawk Heating & Plumbing Co., Inc., and Data Lease Financial Corporation have been in dispute over an option agreement by which Blackhawk was to buy 25% of the capital stock of Miami National Bank owned by Data Lease. The dispute has spawned numerous appellate decisions. In 1973 Citibank loaned Data Lease $6,217,630.13 so that the latter could satisfy its obligations incurred when it bought the bank stock. To secure the loan...

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