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BANK OF BOSTON INTERN. v. ARGUELLO TEFEL

No. 84 Civ. 1023.

644 F.Supp. 1423 (1986)

BANK OF BOSTON INTERNATIONAL OF MIAMI, Plaintiff, v. Roberto ARGUELLO TEFEL and Matilde Osorio de Arguello, Defendants.

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

September 23, 1986.

Attorney(s) appearing for the Case

Robert A. Horowitz, Kelley Drye & Warren, New York City, for plaintiff.

Stephen P. Hoban, Buckley, Kremer, O'Reilly, Pieper, Hoban & Marsh, Mineola, N.Y., for defendants.

MEMORANDUM AND ORDER

GLASSER, District Judge:

In 1974, defendant Roberto Arguello Tefel ("Mr. Arguello") borrowed $300,000 from Bank of Boston Trust Company (Bahamas), Ltd. ("BBTC") pursuant to a loan agreement and promissory note. Defendant Matilde Osorio de Arguello ("Mrs. Arguello") was also a signatory to the loan agreement. The defendants defaulted on the loan by failing to make the required payment of principal and interest on January 15, 1979. No...

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