Estate of Elinor Yagerman et al v. Oak Rock Financial, LLC et al

Justia Dockets & Filings Second Circuit New York Eastern District Estate of Elinor Yagerman et al v. Oak Rock Financial, LLC et al

Estate of Elinor Yagerman et al v. Oak Rock Financial, LLC et al

Appellant:	Clinton Brown, III, Margarita Cardwell, Mariam Cardwell, Lauren Clark, William Clark, Charles Cobb, Estate of Elinor Yagerman, Elena Fischer, Lizbeth Garcia, Christian Garsault, Maria Garsault, John Grillo, Natalie Grillo, James Gries Supplemental Trust Fund, Rose McGeever and Robert Wayne
Appellee:	Israel Discount Bank of New York and Oak Rock Financial, LLC
Case Number:	2:2014cv03878
Filed:	June 20, 2014
Court:	US District Court for the Eastern District of New York
Office:	Central Islip Office
Presiding Judge:	Sandra J. Feuerstein
Nature of Suit:	Bankruptcy Appeal (801)
Cause of Action:	28 U.S.C. § 1334 Bankruptcy Appeal
Jury Demanded By:	None

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Date Filed	Document Text
March 31, 2015	Filing 12 OPINION & ORDER: SO ORDERED that the Court has considered the parties' submissions in their entirety. For the foregoing reasons, the Order of the Bankruptcy Court is reversed as to the ZFI Alleged Participation Agreement as summary judgment sho uld have been entered in favor of ZFI and against IDB on the issue of whether ZFI has a true participation agreement, and reversed as to the Alleged Participation Agreements as the ambiguity in those Agreements precluded granting summary judgment to IDB on the issue of whether the Alleged Participation Agreements were true participations. The matter is remanded to the Bankruptcy Court for further proceedings consistent with this Order. Ordered by Judge Sandra J. Feuerstein on 3/31/2015. (Florio, Lisa)

Date Filed

Document Text

March 31, 2015

Filing 12 OPINION & ORDER: SO ORDERED that the Court has considered the parties' submissions in their entirety. For the foregoing reasons, the Order of the Bankruptcy Court is reversed as to the ZFI Alleged Participation Agreement as summary judgment sho uld have been entered in favor of ZFI and against IDB on the issue of whether ZFI has a true participation agreement, and reversed as to the Alleged Participation Agreements as the ambiguity in those Agreements precluded granting summary judgment to IDB on the issue of whether the Alleged Participation Agreements were true participations. The matter is remanded to the Bankruptcy Court for further proceedings consistent with this Order. Ordered by Judge Sandra J. Feuerstein on 3/31/2015. (Florio, Lisa)

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Search for this case: Estate of Elinor Yagerman et al v. Oak Rock Financial, LLC et al
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Appellant: Clinton Brown, III
Represented By:	Michael G. McAuliffe
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Appellant: Margarita Cardwell
Represented By:	Michael G. McAuliffe
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Appellant: Mariam Cardwell
Represented By:	Michael G. McAuliffe
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Appellant: Lauren Clark
Represented By:	Michael G. McAuliffe
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Appellant: William Clark
Represented By:	Michael G. McAuliffe
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Appellant: Charles Cobb
Represented By:	Michael G. McAuliffe
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Appellant: Estate of Elinor Yagerman
Represented By:	Michael G. McAuliffe
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Appellant: Elena Fischer
Represented By:	Michael G. McAuliffe
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Appellant: Lizbeth Garcia
Represented By:	Michael G. McAuliffe
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Appellant: Christian Garsault
Represented By:	Michael G. McAuliffe
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Appellant: Maria Garsault
Represented By:	Michael G. McAuliffe
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Appellant: John Grillo
Represented By:	Michael G. McAuliffe
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Appellant: Natalie Grillo
Represented By:	Michael G. McAuliffe
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Appellant: James Gries Supplemental Trust Fund
Represented By:	Michael G. McAuliffe
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Appellant: Rose McGeever
Represented By:	Michael G. McAuliffe
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Appellant: Robert Wayne
Represented By:	Michael G. McAuliffe
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Appellee: Israel Discount Bank of New York
Represented By:	John Angelos Bougiamas
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Appellee: Oak Rock Financial, LLC
Represented By:	David Blansky
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