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UNITED STATES v. WALLACE & WALLACE FUEL OIL CO.

No. 81 Civ. 0869 (KTD).

540 F.Supp. 419 (1982)

UNITED STATES of America, Plaintiff, v. WALLACE & WALLACE FUEL OIL CO., INC., et al., Defendants.

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

May 19, 1982.

Attorney(s) appearing for the Case

John S. Martin, Jr., U. S. Atty., S. D. N. Y., New York City, for plaintiff; Thomas D. Warren, Asst. U. S. Atty., New York City, of counsel.

Cowan, Liebowitz & Latman, P. C., New York City, for defendants; Marvin S. Cowan, J. Christopher Jensen, Louis S. Ederer, New York City, of counsel.

OPINION

KEVIN THOMAS DUFFY, District Judge:

The United States Government moves for summary judgment to enforce the acceleration clause of a debt agreement entered into between the Small Business Administration and the defendants Wallace & Wallace Fuel Oil Co., Inc. ("Wallace Fuel"), Wallace & Wallace Enterprises, Inc., Westbank Energy Co., Inc., Chaswell Realty Co., Inc. and Charles and Juanita Wallace individually. The defendants cross move for...

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