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ATLANTIC LTD. PARTNERSHIP v. JOHN HANCOCK MUT. LIFE INS. CO.

No. 99-CV-60277-AA.

95 F.Supp.2d 678 (2000)

ATLANTIC LIMITED PARTNERSHIP-XI, Plaintiff, v. JOHN HANCOCK MUTUAL LIFE INSURANCE COMPANY, Defendant.

United States District Court, E.D. Michigan, Southern Division.

January 28, 2000.

Attorney(s) appearing for the Case

Marilyn A. Peters, Kimberly A. Bickersteth, Dykema Gossett, Bloomfield Hills, MI, for Plaintiff.

Charles T. Harris, Ashley E. Lowe, Dickinson, Wright, Bloomfield Hills, MI, for Defendant.

ORDER GRANTING DEFENDANT'S MOTION FOR SUMMARY JUDGMENT AND DENYING PLAINTIFF'S MOTION FOR SUMMARY JUDGMENT

HACKETT, District Judge.

Before the court is an action involving the enforcement of a prepayment premium provision contained in a mortgage note drafted by defendant to ensure payment of its $26,753,447.47 loan to plaintiff. Plaintiff claims that the prepayment premium was unreasonable and unenforceable and that defendant breached the implied...

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