United States Second Circuit
Wells Fargo Bank v. Brooksamerica Mortgage Corp., 04-5306
Under New York Law, a "hell or high water" clause, which makes a leasee's obligation to make monthly payments absolute and unconditional, are enforceable by good faith assignees against sophisticated parties.
Appellate Information
- Decided 08/15/2005
- Published 08/15/2005
Judges
- KEENAN, District Judge., Before: MINER and STRAUB, Circuit Judges, and KEENAN *,District Judge.
Court
- United States Second Circuit
Counsel
- For Appellees:
- Steven D. Karlin, Platzer, Swergold, Karlin, Levine, Goldberg & Jaslow, New York, NY, for Defendants-Appellants., Robert A. Jaffe (Jeffrey S. Jacobovitz and Ellen Bass, on the brief), Kutak Rock LLP, Washington, DC, for Plaintiff-Appellee.