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NATIONAL BANK OF NORTH AMERICA v. QUEST

No. 75 C 491.

425 F.Supp. 186 (1977)

NATIONAL BANK OF NORTH AMERICA, Plaintiff, v. Donald R. QUEST and Henry R. Goldfarb, Defendants.

United States District Court, E. D. New York.

January 17, 1977.

Attorney(s) appearing for the Case

Cole & Dietz, New York City, for plaintiff, by Martin S. Berglas, New York City.

Friedman Shaftan & Salmore, New York City, for defendant Goldfarb, by Evan R. Salmore, New York City.

MEMORANDUM AND ORDER

NEAHER, District Judge.

Background Facts

Plaintiff, National Bank of North America ("the Bank"), brings this diversity action to recover on the personal guarantees of defendants Donald Quest and Henry R. Goldfarb for monies lent to Equitable Equities, Inc. ("Equitable"). At the time of the transactions in question, defendants were, respectively, President and Executive Vice-President and registered principals of Equitable...

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