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CORNER ASSOCIATES v. W.R. GRACE & COMPANY-CONN.

Civil Action No. 97-1848-A.

988 F.Supp. 970 (1997)

The CORNER ASSOCIATES, Plaintiff, v. W.R. GRACE & CO.-CONN., Defendant.

United States District Court, E.D. Virginia, Alexandria Division.

December 30, 1997.

Attorney(s) appearing for the Case

Jeffrey L. Tarkenton, David, Hagner, Kuney & Davidson, Washington, DC, for Plaintiff.

Michael D. Moore, McGuire, Woods Battle & Boothe, McLane, VA, for Defendant.

MEMORANDUM OPINION

BRINKEMA, District Judge.

Before the Court is defendant's Motion to Dismiss or, in the Alternative, for Summary Judgment, which presents the question of whether a lessee, when it assigns its rights and obligations under a lease but remains liable thereunder, becomes a surety for the obligations of its assignee. The issue is one of first impression in Virginia.

I. Factual Background

This action involves a...

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