On March 18, 2019, Judge Stuart M. Bernstein of the United States Bankruptcy Court for the Southern District of New York issued a decision enforcing a mortgage lender’s claim for a prepayment premium (a/k/a make-whole or yield maintenance premium) notwithstanding the lender’s prepetition acceleration of the loan due to the debtor’s default.
USA, New York, Banking, Insolvency & Restructuring, Litigation, Cadwalader Wickersham & Taft LLP, Liquidated damages, Second Circuit, US District Court for the Southern District of New York