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NEW YORK COMMUNITY BANK v. SHERMAN AVE. ASSOCIATES

Miscellaneous Action No. 11-0083(BAH).

786 F.Supp.2d 171 (2011)

NEW YORK COMMUNITY BANK, et al., Petitioners, v. SHERMAN AVENUE ASSOCIATES, LLC, et al., Respondents.

United States District Court, District of Columbia.

May 17, 2011.

Attorney(s) appearing for the Case

Bryn H. Sherman , James M. Hoffman , Offit Kurman, P.A., Bethesda, MD, for Petitioners.

Joseph C. Savino , Eric J. Horbey , Russell L. Penzer , Lazer, Aptheker, Rosella & Yedid, PC, Melville, NY, for Respondents.

MEMORANDUM OPINION

BERYL A. HOWELL, District Judge.

New York Community Bank and trustees Bryn Sherman and John Raftery1 (hereinafter the "petitioners") have filed a petition requesting that five legal entities be placed under receivership. According to the petitioners, these entities are in default of certain loan agreements, which are secured by real property in the District...

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