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ALOHA LEASING v. CRAIG GERMAIN CO.

No. 85-CV-1217.

644 F.Supp. 561 (1986)

ALOHA LEASING, A DIVISION OF the BENNETT FUNDING GROUPS, INC., Plaintiff, v. CRAIG GERMAIN COMPANY, Craig Germain, Davidson Development, Inc., JRJ Construction, Inc., Craig Germain Company Realtors, Interior Plan, Inc., Reserve Mortgage Corporation, Property Income Management, Inc., Howe Builder Service and Warranty, Inc., Germain Business Brokerage, First Southwest Real Estate Securities, Inc., Tropic South, Inc., Defendants.

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

July 16, 1986.

Attorney(s) appearing for the Case

Stewart Weisman and Melvin & Melvin (Kenneth J. Bobrycki, of counsel), Syracuse, N.Y., for plaintiff.

Cadwalader, Wickersham & Taft (H. Peter Haveles, of counsel), New York City, and Bond, Schoeneck & King (George H. Lowe, of counsel), Syracuse, N.Y., for defendants.

MEMORANDUM-DECISION AND ORDER

MUNSON, Chief Judge.

This action arises out of a series of business transactions between plaintiff Aloha Leasing ("Aloha") and defendant Craig Germain Company ("Germain") negotiated and consummated in late 1984 and early 1985. Specifically, Aloha is seeking to enforce its rights under several equipment leases and a credit agreement whereby Aloha loaned approximately $800,000 to Germain. The loans in question are evidenced by...

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