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FREE STATE BANK & TRUST CO. v. ELLIS

No. 865, September Term, 1979.

45 Md. App. 159 (1980)

411 A.2d 1090

FREE STATE BANK & TRUST COMPANY v. A. JAMES ELLIS.

Court of Special Appeals of Maryland.

Decided March 7, 1980.

Attorney(s) appearing for the Case

James C. Chapin, with whom were John C. Joyce and Duckett, Orem, Christie & Beckett on the brief, for appellant.

Anthony J. McMahon, with whom were Anderson, Pendleton, McMahon, Peet & Donovan on the brief, for appellee.

Amicus curiae brief submitted by Thomas P. Smith, Shelly E. Mintz and Baskin & Sears for John and Claire M. Buete.

The cause was argued before GILBERT, C.J., and THOMPSON and LISS, JJ.

GILBERT, C.J., delivered the opinion of the Court.

Free State Bank & Trust Company (Bank) has come to this Court in an effort to reverse a judgment of $80,000 against it for negligence in releasing collateral that had been pledged in order to secure a loan. At the same time the Bank seeks to vacate a post-trial order of the Circuit Court for Montgomery County in which that court awarded certain substituted collateral to the appellee, A. James Ellis. The Bank is...

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