United States Second Circuit

Contract which allowed broker to release hold on guanantor's collateral stock once creditor recieved "payment in full" from debtor applied when debtor actually paid the debt and not when creditor forgave the debt.

Appellate Information

• Decided 11/17/2000
• Published 11/17/2000

Judges

• SOTOMAYOR, Circuit Judge:, Before:  McLAUGHLIN, LEVAL, and SOTOMAYOR, Circuit Judges.

Court

• United States Second Circuit

Counsel

• For Appellant:
  
• Stephen G. Rinehart, New York, NY, for plaintiffs-appellants.


• For Appellees:
  
• Kevin J. Fee, New York, NY (Daniel J. Kornstein and Ina R. Bort, on the brief), for interpleader-defendant-appellee.