SCHREIBER FAM. CHARITABLE FOUNDATION v. FIRST FIN. ACCEPTANCE CO., INC.

No. CV 95-2452 (RJD).

965 F.Supp. 397 (1997)

SCHREIBER FAMILY CHARITABLE FOUNDATION, Plaintiff, v. FIRST FINANCIAL ACCEPTANCE CO., INC., Keystone Financial Inc., Edwin D. Wood, J. Tullos Johnson, Norma Lamotte, Richard W. Brown, and Robert I. Wilson, Defendants.

United States District Court, E.D. New York.

June 17, 1997.


Attorney(s) appearing for the Case

Peretz Bronstein, Eastman & Echtman, P.C., New York City, for Plaintiff.

Lawrence N. Weiss, Pantaleoni Govens & Weiss LLP, New York City, for Defendants Keystone Financial, Inc. Edwin D. Wood and J. Tullos Johnson.

Norman P. Effman, Buffalo, NY, for Defendants First Financial Acceptance Co., Inc., Norma Lamotte, Richard W. Brown and Robert I. Wilson.


MEMORANDUM & ORDER

DEARIE, District Judge.

Plaintiff Schreiber Family Charitable Foundation ("Schreiber") has sued for breach of an agreement (the "Agreement") to pledge stock as collateral for a loan, and now moves for partial summary judgment. On December 23, 1994, Schreiber entered into the Agreement with defendant First Financial Acceptance Co., Inc. ("First Financial"), pledging 300,000 American Depository Receipts ("ADR's") of Great Central Mines...

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