Andrews' Bank & Lender Liability Litigation Reporter
December 1, 1999
Copyright (c) 1999 Andrews Publications
FDIC PREVAILS IN BREACH OF CONTRACT SUIT BEFORE 2ND CIR.
John Street Leasehold LLC v. FDIC
The Second Circuit U.S. Court of Appeals has ruled that the parties to a mortgage agreement did not orally modify the agreement's terms, despite the debtor's claims that it relied on the oral promises and acted accordingly. The holding affirms...