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ZELLEN v. SECOND NEW HAVEN BANK

Civ. No. N-78-107.

454 F.Supp. 1359 (1978)

Larry P. ZELLEN et al. v. SECOND NEW HAVEN BANK.

United States District Court, D. Connecticut.

August 7, 1978.

Attorney(s) appearing for the Case

John B. Nolan, Day, Berry & Howard, Dean M. Cordiano, Hartford, Conn., for plaintiffs.

Robert P. Burns, Marcus & Burns, New Haven, Conn., for defendant.

MEMORANDUM OF DECISION

BURNS, District Judge.

This case stems from the default of a $900,000 promissory note. The note was executed on October 19, 1977, by the Sawmill Brook Racing Association, Inc., Ronald Mooney, and Everett B. Zellen, and was made payable to the defendant Second New Haven Bank. As collateral security for the repayment of the debt, Zellen delivered to the Bank 26,250 shares of preferred stock in Monogram Industries, Inc., and Sawmill Brook...

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