IN RE PACIFIC EASTERN CORP.

Bankruptcy No. 397-01768-AT-11, Adversary No. 397-0239A.

223 B.R. 523 (1998)

In re PACIFIC EASTERN CORPORATION, Debtor. PACIFIC EASTERN CORPORATION and Harpeth Village Development Company, Plaintiffs, v. GULF LIFE HOLDING COMPANY; Gulf Life Insurance Company; Gulf United Corporation; Gulf Mortgage & Realty Investments; GMR Properties; Grubb & Ellis; Manufacturers Hanover, Corporation; Manufacturers Hanover Trust Company; ITR Properties, Inc.; Chemical Banking Corporation; Chemical Bank; and American General Corporation, Defendants.

United States Bankruptcy Court, M.D. Tennessee.

August 13, 1998.


Attorney(s) appearing for the Case

Robert M. Garfinkle, Garfinkle, McLemore & Walker, PLLC, Nashville, TN, for Plaintiffs.

Sam J. McAllester, III, Thomas R. Dyer, Paige Waldrop Mills, Wyatt, Tarrant & Combs, Nashville, TN, for Chase Manhattan Bank and ITR Properties, Inc.

Marc Thomas McNamee, Neal & Harwell, Nashville, TN, for Charles Whittemore.


MEMORANDUM

ALETA ARTHUR TRAUGER, Bankruptcy Judge.

The court has before it an action based on an alleged violation of the Tennessee usury statute that was filed originally in state court and then removed to federal court after the debtor's bankruptcy filing. Plaintiffs assert that a $250,000 sale-leaseback and a $1.4 million loan, when combined, are a disguised loan for $1.65 million by which defendants have collected usurious interest. The only remaining...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases