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RIVEREDGE ASSOC. v. METROPOLITAN LIFE INS.

Civ. A. No. 90-2213.

774 F.Supp. 892 (1991)

RIVEREDGE ASSOCIATES, Plaintiff, v. METROPOLITAN LIFE INSURANCE COMPANY, Defendant.

United States District Court, D. New Jersey.

January 15, 1991.

Attorney(s) appearing for the Case

Richard D. Wilkerson, Lowenstein, Sandler, Kohl, Fisher & Boylan, Roseland, N.J., for plaintiff.

Ronald H. Wilcomes, Ronald M. Sturtz, Hannoch Weisman, Roseland, N.J., for defendant.

OPINION

WOLIN, District Judge.

Plaintiff Riveredge Associates ("Riveredge") and defendant Metropolitan Life Insurance Company ("Metropolitan") have cross-moved for summary judgment. The Court will grant Metropolitan's motion and deny Riveredge's motion.

I. BACKGROUND

This case involves the financing and suggested refinancing of Riveredge Plaza Associate ("Plaza"), a New Jersey general partnership formed on or about February 23, 1984 by...

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