Plaintiff's action seeks commissions earned in obtaining loans for defendant from certain lending institutions through the placement of promissory notes with face values totaling $12,798,500. Plaintiff is seeking a commission equal to 1.5% of the total amount. Supreme Court limited the action by barring claims for commissions on any loans in excess of the first $3,100,000 (the amount set forth in defendant's January 27, 1982 letter), finding...
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