Red Star Mortgage v. Branch, PICS Case No. 17-1375 (E.D. Pa. Aug. 21, 2017) Beetlestone, J. (19 pages).
Defendants were entitled to summary judgment on plaintiff's breach of contract, unjust enrichment, quantum meruit and conversion claims based on LLC's refinancing of shopping center loan after plaintiff introduced former member of LLC to equity firm that latter refinanced the loan because plaintiff produced no evidence that member had any relationship with LLC in 2013 when he signed agreement with plaintiff and was introduced to equity firm and there was no evidence that equity firm's transaction with LLC in 2014 had any relation to plaintiff's introduction of equity firm to member. Motions granted.
September 19, 2017 at 09:44 AM
6 minute read
REAL ESTATE
Refinancing • Shopping Center • Mortgage • Commission • Agreement for Financial Services • Indemnification
Red Star Mortgage v. Branch, PICS Case No. 17-1375 (E.D. Pa. Aug. 21, 2017) Beetlestone, J. (19 pages).
Defendants were entitled to summary judgment on plaintiff's breach of contract, unjust enrichment, quantum meruit and conversion claims based on LLC's refinancing of shopping center loan after plaintiff introduced former member of LLC to equity firm that latter refinanced the loan because plaintiff produced no evidence that member had any relationship with LLC in 2013 when he signed agreement with plaintiff and was introduced to equity firm and there was no evidence that equity firm's transaction with LLC in 2014 had any relation to plaintiff's introduction of equity firm to member. Motions granted.
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