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CENTER CADILLAC, INC. v. BANK LEUMI TRUST CO. OF NEW YORK

No. 91 Civ. 7776 (CBM).

878 F.Supp. 626 (1995)

CENTER CADILLAC, INC., Center Cadillac Leasing, Inc., Irwin Steinhauser, Elaine Steinhauser, Michael Steinhauser, Marleen Steinhauser, Marilyn Steinhauser, Josh Steinhauser as Administrator of the Estate of Marvin Steinhauser, James Sandler and Rosalyn Sandler, Plaintiffs, v. BANK LEUMI TRUST COMPANY OF NEW YORK, Martin A. Simon, Eliot S. Robinson, Leonard S. Levine, Eftihia Piper, Vincent Garvey, and Rachel Bergsohn, Defendants.

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

February 10, 1995.

Attorney(s) appearing for the Case

Gold & Wachtel, Randy Steinhauser, for plaintiffs.

Parker Chapin Flattau & Klimpl, Stephen Rinehart, for defendants.

OPINION

MOTLEY, District Judge.

MEMORANDUM OPINION

DEFENDANTS' MOTION FOR COUNSEL FEES AGAINST PLAINTIFFS

This case arises out of a $1.1 million loan extended to plaintiffs in 1979. As of early 1990, the principal balance had been reduced to approximately $118,000. Rather than satisfy this obligation, plaintiffs initiated three years of protracted, expensive and highly contentious litigation, which resulted in this court granting summary...

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