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WESTMINSTER BANK v. WEKSEL

124 A.D.2d 144 (1987)

National Westminster Bank USA, Respondent, v. William Weksel et al., Defendants, and Marks & Kuperschmid, P. C., Appellants

Appellate Division of the Supreme Court of the State of New York, First Department.

February 17, 1987

Attorney(s) appearing for the Case

Arthur P. Hui of counsel (Robert E. Kushner with him on the brief; Cole & Deitz, attorneys), for respondent.

Richard F. Russell of counsel (Stephen J. McCahey with him on the brief; D'Amato & Lynch, attorneys), for appellants.

SULLIVAN, ASCH, FEIN and WALLACH, JJ., concur.

MURPHY, P. J.

In 1983, plaintiff National Westminster Bank extended Information Displays Incorporated (IDI) a $5,000,000 line of credit and, thereafter, made it a series of loans totaling $3,000,000. In May 1984, IDI, apparently then in default upon the loans, filed a petition pursuant to Bankruptcy Code (11 USC) chapter 11. The present action was commenced by plaintiff bank in February 1985 against IDI's officers...

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