Subscribe- Plaintiff
- Zimmerman, Michael & Connie Jo
- Represented By:
- Schaeffer, Peter (Avenue Law)
- Defense
- Customers Bank
- Represented By:
- Beck, Richard (Klehr Harrison Harvey Branzburg LLP )
Summary
In this oral argument before the Delaware Supreme Court, the attorney representing Michael A. Zimmerman and his wife, Connie Jo Zimmerman, sought to reverse the lower court's entry of judgment by confession against his clients. The Zimmermans are Florida residents who obtained commercial loans on behalf of their companies, BBC Properties, Inc. and Governors Club Professional Center, LLC, from Eagle National Bank on or about February 24, 2006. The Zimmermans defaulted on these loans and -- in an effort to restructure -- entered into a forbearance agreement on June 21, 2011. Customers Bank sought to confess judgment against the Zimmermans. On November 22, 2013, the lower court found in favor of Customers Bank and entered the requested judgments in the amounts of $602,163.30 and $1,558,792.95 against the Zimmermans.
Outcome
The final judgment of the Superior Court, effective as of November 22, 2013, was affirmed.
- Plaintiff
- Defense
- Jurisdiction
- Delaware Supreme Court
- Court
- Delaware Supreme Court
- Case Number
- 668, 2013
- Industry
- Finance
- Practice Area
- Financial Services
- Expert Witnesses
- Lay Witnesses
Sessions
PM Session
Oral Arguments
3 Chapters
| Description | Attorney | Witness | Presence | |||
|---|---|---|---|---|---|---|
 | 00:00:00 | General Case Activities | Schaeffer, Peter | |||
| 00:20:45 | General Case Activities | Beck, Richard | |||
| 00:44:23 | End of Session |