NATIONAL LOAN INVESTORS L.P. v. FIRST EQUITIES CORP.


261 A.D.2d 518 (1999)

690 N.Y.S.2d 646

NATIONAL LOAN INVESTORS L.P., Respondent, v. FIRST EQUITIES CORP. et al., Defendants, and LEHMAN BROTHERS, INC., et al., Appellants.

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

Decided May 17, 1999.


Ordered that the order is reversed insofar as appealed from, on the law, with costs, the cross motion is granted, the complaint is dismissed insofar as asserted against the appellants, and the action against the remaining defendants is severed.

The record reveals that the loan documents in question clearly and unequivocally preclude any recovery against the appellants. Specifically, the promissory note provided that the borrower would not be personally liable for...

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