Carmanty v. Mexican Gulf Railway Co.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• rejecting the argument that the right to convert loan principal into shares at a fixed discount should be considered as interest in a usury calculation
• “Numerous courts in this District have held that New York’s usury laws do 5 not apply to defaulted obligations.”

Source: CourtListener parenthetical corpus (CC0).