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PENTHOUSE INTERN. v. DOMINION FED. SAV. & LOAN ASSOCIATION

No. 84 Civ. 4325 (KTD).

665 F.Supp. 301 (1987)

PENTHOUSE INTERNATIONAL, LTD. and Boardwalk Properties, Inc., Plaintiffs, v. DOMINION FEDERAL SAVINGS & LOAN ASSOCIATION and Melrod, Redman & Gartlan, P.C., Defendants. DOMINION FEDERAL SAVINGS & LOAN ASSOCIATION, Third-Party Plaintiff, v. QUEEN CITY SAVINGS & LOAN ASSOCIATION, Third-Party Defendant.

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

As Amended July 30, 1987.

Attorney(s) appearing for the Case

Shea & Gould, New York City, for plaintiffs; Milton S. Gould, Joseph Ferraro, Susan B. Ratner, of counsel.

Fine, Tofel, Saxl, Berelson & Barandes, P.C., New York City, for defendants and third-party plaintiff; Robert Tofel, Sherman Saxl, David B. Newman, of counsel.

Nitkin Alkalay Handler & Robbins, New York City, for third-party defendant; Peter C. Alkalay, of counsel.

KEVIN THOMAS DUFFY, District Judge:

Plaintiffs, Penthouse International, Ltd. ("Penthouse") and Boardwalk Properties, Inc. ("BPI") (collectively "Penthouse") bring this action against the defendants Dominion Federal Savings and Loan Association ("Dominion") and Melrod, Redman and Gartlan, P.C. (the "Melrod firm") for breach of an agreement to loan plaintiffs $97 million for the construction of a casino and hotel in Atlantic City, New Jersey. Dominion as a third-party...

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