Opinion ID: 2501833
Heading Depth: 1
Heading Rank: 4

Heading: Judgment Order after Frazier & Oxley II

Text: After this Court decided Frazier & Oxley II, the circuit court granted summary judgment in favor of Frazier & Oxley. In its judgment order entered March 10, 2004, the court concluded, inter alia, that the parties to the prime lease, FMC and City, voluntarily terminated the lease by mutual agreement and that, accordingly, there was a surrender of the lease because the lease did not nonrenew, expire or terminate pursuant to its express terms and conditions. ... As indicated by the Court in Frazier & Oxley I, `City National Bank subleased part of the leased premises in the St. James Building to Frazier & Oxley; City National cannot now surrender the leased premises to [FMC] and thereby defeat the rights of the subtenant.' As a result of the circuit court's order, the law firm continued to occupy the mezzanine space in the St. James Building. FMC did not appeal the circuit court's order.