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WELLS FARGO BANK, N.A. v. WORLDWIDE SHRIMP COMPANY

No. 17 CV 4723.

WELLS FARGO BANK, N.A., Plaintiff, v. WORLDWIDE SHRIMP COMPANY and WILLIAM J. APPELBAUM, Defendants.

United States District Court, N.D. Illinois, Eastern Division.

December 20, 2018.

Editors Note
Applicable Law: 28 U.S.C. § 1332
Cause: 28 U.S.C. § 1332 Diversity - Breach of Contract
Nature of Suit: 190 Contract: Other
Source: PACER

Attorney(s) appearing for the Case

Wells Fargo Bank, National Association, Plaintiff, represented by Angela M. Snell , FAEGRE BAKER DANIELS LLP, pro hac vice, Sean J. Powell , Faegre Baker Daniels LLP & Colby Anne Kingsbury , Faegre Baker Daniels LLP.

Worldwide Shrimp Company & William J Appelbaum, Defendants, represented by Brandon Gregory Hummel , Hummel Law Group.

William J Appelbaum & Worldwide Shrimp Company, Counter Claimants, represented by Brandon Gregory Hummel , Hummel Law Group.

Wells Fargo Bank, National Association, Counter Defendant, represented by Angela M. Snell , FAEGRE BAKER DANIELS LLP, Sean J. Powell , Faegre Baker Daniels LLP & Colby Anne Kingsbury , Faegre Baker Daniels LLP.

MEMORANDUM OPINION AND ORDER

Worldwide Shrimp Company and William L. Appelbaum opened a line of credit with Wells Fargo in 2014. Each signed loan documents that entitled Wells Fargo to certain self-help remedies in the event of a default. By early 2017, Wells Fargo was convinced that a default had occurred...

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