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CITIBANK, N.A. v. NYLAND (CF8) LTD.

No. 86 Civ. 9181 (WK).

705 F.Supp. 188 (1989)

CITIBANK, N.A., Plaintiff, v. NYLAND (CF8) LTD., et al., Defendants.

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

February 15, 1989.

Attorney(s) appearing for the Case

Robert M. Abrahams, Alan R. Glickman, Schulte, Roth & Zabel, New York City, for plaintiff Citibank, N.A.

Robert S. Smith, Peter Mason, Paul, Weiss, Rifkind, Wharton & Garrison, Andrew J. Levander, Shereff, Friedman, Hoffman & Goodman, New York City, for defendant Nyland (CF8) Ltd.

Jeffrey J. Greenbaum, James Hirschorn, Sills, Cummis, Zuckerman, Radin, Tischman, Epstein & Gross, New York City, for defendant Republic of Philippines.

Perry S. Galler, Joseph C. Savino, Phillips, Nizer, Benjamin, Krim & Ballon, New York City, for defendant New York Land Co.

Charles C. Parlin, Elsie A. Crum, Shearman & Sterling, New York City, for receiver Cushman & Wakefield.

Benito Romano, U.S. Atty., S.D.N.Y., Thomas A. Zaccaro, Asst. U.S. Atty., for U.S.

WHITMAN KNAPP, District Judge.

On December 23, 1988, we entered judgment of foreclosure and sale in favor of plaintiff Citibank, directing that the mortgaged leasehold interest in 40 Wall Street be sold, and that the surplus proceeds of the sale be transferred to the court overseeing Republic of Philippines v. Marcos, 86 Civ. 2294 (PNL), a companion action pending in this district in which the Republic of the Philippines seeks to impress this and several other...

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