The complaint in this action alleged, inter alia, that the defendant, J. L. Fisher, fraudulently obtained a bank loan in the sum of $250,000 in the name of Colonie-Lawrence Company, Inc., and then converted the proceeds, making a loan of that money to Wholesale Service Supply Corp. The action was settled in the midst of trial and a stipulation of settlement was placed on the record. The stipulation, insofar as pertinent to this appeal, provided for monthly payments...
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