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GOLDSTONE v. SOUTH SHORE FEDERAL AND LOAN ASS'N

No. 75 C 603.

402 F.Supp. 1291 (1975)

Irwin GOLDSTONE and Jeanne Goldstone, Individually and on behalf of themselves and all members of the class similarly situated, on whose property defendant holds a mortgage, Plaintiffs, v. SOUTH SHORE FEDERAL AND LOAN ASSOCIATION, Defendant.

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

November 7, 1975.

Attorney(s) appearing for the Case

Aaron Powsner, Brooklyn, N.Y., for plaintiffs.

Buckley & Buckley, New York City, for defendant.

BRUCHHAUSEN, District Judge.

The plaintiffs, on behalf of themselves, and on behalf of an alleged class, commenced this action against the South Shore Federal and Loan Association, alleging that the monthly payments of mortgage interest and principal amortization, due and payable at the beginning of each monthly period, for the entire term of the mortgage loan, results in a usurious transaction. The complaint alleges violation of both federal and state laws.

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