Court of Appeals of New York
JMD Holding Corp. v. Congress Fin. Corp., 40
A $600,000 charge to plaintiff for early termination of its commercial loan agreement with defendant is affirmed where plaintiff has not satisfied its prima facie burden to show that the termination fee is an unenforceable penalty.
Appellate Information
- Decided 03/31/2005
- Published 03/31/2005
Judges
Court
- Court of Appeals of New York