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BERNARD NAT. LOAN INVESTORS v. TRADITIONS MNGMT.

No. 08 Civ. 3573 (DLC).

688 F.Supp.2d 347 (2010)

BERNARD NATIONAL LOAN INVESTORS, LTD., Plaintiff, v. TRADITIONS MANAGEMENT, LLC, AEY, LLC, Michael Aiken, Mark Enderle, and Mark Yarborough, Defendants.

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

March 1, 2010.

Attorney(s) appearing for the Case

Lance Gotthoffer, Casey D. Laffey, Reed Smith LLP, New York, NY, for Plaintiff.

C. William Phillips, Mark P. Gimbel, Ethan Jacobs, Covington & Burling LLP, New York, NY, for Defendants.

OPINION & ORDER

DENISE COTE, District Judge:

This dispute arises out of a $26.5 million loan that plaintiff Bernard National Loan Investors, Ltd. ("Bernard") extended to defendant Traditions Management, LLC ("Traditions") in December 2006. A bench trial on Bernard's claims for breach of contract, breach of the covenant of good faith and fair dealing, and indemnification was held February 22-24, 2010. Based on the following findings of fact and...

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