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BESTOLIFE CORPORATION v. AMERICAN AMICABLE LIFE

5 A.D.3d 211 (2004)

774 N.Y.S.2d 18

BESTOLIFE CORPORATION et al., Appellants, v. AMERICAN AMICABLE LIFE et al., Defendants, and THE CHASE MANHATTAN BANK et al., Respondents.

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

March 16, 2004.

This litigation involves two related actions that arise from complex investment and financing arrangements. Action No. 1, the Bestolife litigation, is presently before us. Plaintiffs are borrowers and guarantors on various debts and defendants are lenders and note holders relating to that debt. Plaintiffs are a group of related companies engaged in the business of recycling batteries and smelting and refining various metals. Plaintiff RSR is itself a group of companies, which...

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