LIGATOR v. CONT'L BANK


152 A.D.2d 684 (1989)

Louis Ligator, Respondent, v. Continental Bank, Appellant, and T. G. Holding Corp., Respondent

Appellate Division of the Supreme Court of the State of New York, Second Department.

July 24, 1989


Ordered that the judgment and the order are affirmed; and it is further,

Ordered that the respondents are awarded one bill of costs.

In this action, the parties seek, in essence, an interpretation of an agreement between the defendant Continental Bank and the United States Department of Commerce, Economic Development Administration (hereinafter the EDA). The EDA had guaranteed 90% of a $3,000,000 loan which the bank had made to the plaintiff's corporation...

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