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LONG IS. SAV. v. GELODA CORP.

190 A.D.2d 64 (1993)

Long Island Savings Bank, FSB, Appellant, v. Geloda/Briarwood Corp., Respondent

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

April 29, 1993

Attorney(s) appearing for the Case

Robert M. Calica of counsel, Garden City (E. Christopher Murray with him on the brief; Reisman, Peirez, Reisman & Calica, attorneys), for appellant.

Luigi P. DeMaio of counsel, New York City (DeMaio & Hughes, attorneys), for respondent.

SULLIVAN, J. P., ELLERIN, ROSS and RUBIN, JJ., concur.

WALLACH, J.

At issue on this appeal is the dismissal, on summary judgment, of the entitlement of plaintiff Long Island Savings Bank (Bank) to "additional compensation" (estimated at $1 million) consisting of 25% of the "net profits" of a condominium project sponsored by defendant Geloda/Briarwood Corp. (Sponsor), as part of the consideration for an $18 million construction loan to the Sponsor made by the Bank...

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