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CITIBANK, N.A. v. DATA LEASE FINANCIAL CORP.

No. 86-5324.

828 F.2d 686 (1987)

CITIBANK, N.A., Plaintiff-Counterclaim Defendant, Third-Party Defendant-Appellee, v. DATA LEASE FINANCIAL CORPORATION, Defendant-Counterclaim Plaintiff, Third Party Plaintiff-Appellant, v. Joseph STEFAN, Truman A. Skinner, R. Dale Melching, William A. Krusen, Robert M. Marlin, Andrew Machata, Edward G. Grafton, MGIC Indemnity Corporation, Third-Party Defendants-Appellees.

United States Court of Appeals, Eleventh Circuit.

Rehearings and Rehearings Denied November 3, 1987.

Attorney(s) appearing for the Case

Robert M. Sondak, Paul, Landy, Beiley & Harper, P.A., Miami, Fla., Larry Klein, Klein & Beranek, West Palm Beach, Fla., for Data Lease Financial Corp.

Marc Cooper, Cooper, Wolfe & Bolotin, Karen A. Gievers, Anderson, Moss, Russo, Gievers & Cohen, Miami, Fla., Joseph Stefan.

Joel S. Perwin, Podhurst, Orseck, Parks, Josefsberg, Eaton, Meadow & Olin, Miami, Fla., for Robert Marlin.

John H. Schulte, Finley, Kumble, Wagner, Heine, Underberg, Manley, Myerson & Casey, Miami, Fla., for Citibank, N.A.

R. Thomas Farrar, Holland & Knight, Miami, Fla., for Joseph Stefan, Truman Skinner, R. Dale Melching, William Krusen, Robert Marlin, Edward Grafton, Andrew Machata and MGIC Indem. Corp.

Glenn J. Waldman, Sparber, Shevin, Shapo, Heilbronner & Book, Miami, Fla., for First American Bank & Trust.

Before RONEY, Chief Judge, VANCE, Circuit Judge, and PITTMAN, Senior District Judge.

Rehearings and Rehearings En Banc Denied November 3, 1987.

VANCE, Circuit Judge:

This case concerns a loan of more than $6.2 million that Data Lease Financial Corporation ("Data Lease") received from Citibank, N.A. ("Citibank"). When Data Lease could not repay this loan, Citibank commenced this action seeking judicial sale and a deficiency judgment. Data Lease asserted affirmative defenses, counterclaims and third party claims based on the alleged mismanagement...

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