A Conversation about Fiduciary Duties

In real estate disputes, the relationship between the bank and the borrower is typically considered that of debtor and creditor. However, in some cases it can be a fiduciary relationship. In a recent case I handled, the bank interfered with the borrower’s control over selling its real estate from a development project that was funded by a bank loan. The bank moved for summary judgment and we submitted an opposing brief. Here is an excerpt. Read more

Pre-Discovery Motions For Summary Judgment Can Be Premature

A plaintiff may sometimes make a motion for Summary Judgment or Dismissal before there is any chance to begin discovery and really explore the facts of a case. One of the most glaring examples is when there is key knowledge or information that is in exclusive control of the plaintiff for which a defendant has no opportunity to obtain. Below is an excerpt from a case discussing this issue. Read more

UCC Article 9 Requirement of Disposing of Collateral In A Commercially Reasonable Manner

n collection cases involving secured debt, a court may preclude judgment if the plaintiff did not properly notify or dispose of the collateral in a commercially reasonable manner. In one of my recent cases where I opposed a lender’s motion for summary judgment, I cited this requirement in our opposing brief: Read more

Equitable Estoppel as a Defense to Debt Collection or Foreclosure

A Plaintiff may be estopped from seeking to recover an alleged debt because of its own actions. Here is a quick excerpt from a case where equitable estoppel was raised. Read more

Defective Notice of Default

Here is a case that sums up the risk a lender faces when its notice of default is defective. The guarantor might be “off the hook.” Read more

Acting in Bad Faith, Breaching the Implied Covenant of Good Faith

It is common sense that you don’t expect the person you are entering into an agreement with you purposefully try to dupe you. The doctrine of the Implied Covenant of Good Faith and Fair Dealing states that just that. Here is the standard in New York. Read more