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CONNECTICUT NATIONAL BANK v. DOUGLAS

(14423)

221 Conn. 530 (1992)

CONNECTICUT NATIONAL BANK v. JUDITH C. DOUGLAS ET AL.

Supreme Court of Connecticut.

Decision released April 7, 1992.

Attorney(s) appearing for the Case

John E. LeMoult, for the appellant (defendant Jerald L. Nelson).

Theodore C.Killiam, with whom, on the brief, was David Brown, for the appellee (plaintiff).

PETERS, C. J., CALLAHAN, COVELLO, BORDEN and BERDON, JS.

PETERS, C. J.

The principal issue in this appeal is the scope of a secured lender's obligation to participate in workout arrangements relating to the disposition of secured collateral in the hands of the debtor. The plaintiff, Connecticut National Bank (bank) brought an action against the defendants, Judith C. Douglas, Jerald L. Nelson (Nelson), Sidney A. Staunton, Robert Zbell and Robert M. Paradis, as guarantors of the...

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