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CAMALA CO. v. INLAND CREDIT

147 Misc.2d 926 (1989)

Camala Co., Plaintiff, v. Inland Credit Corporation et al., Defendants.

Supreme Court, New York County.

February 8, 1989

Attorney(s) appearing for the Case

Debevoise & Plimpton (Steven R. Gross and Arthur H. Amron of counsel), for plaintiff. Abelson Goldston & Odesser (Richard H. Abelson and Alan M. Goldston of counsel), for defendants.

EDWARD J. GREENFIELD, J.

This action for breach of contract, conversion and violation of fiduciary obligations centers on the interpretation of a mortgage participation agreement between plaintiff Camala Co. (Camala) and defendant Plantsville Inc. (Plantsville). Under the agreement, Plantsville was to administer the mortgage and receive monthly payments from the mortgagor, but regardless of the amount collected...

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