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McCORMACK v. FIRST WESTROADS BANK

No. 89-002.

473 N.W.2d 102 (1991)

238 Neb. 881

Michael McCORMACK, Appellant, v. FIRST WESTROADS BANK, a Corporation, Appellee.

Supreme Court of Nebraska.

August 16, 1991.

Attorney(s) appearing for the Case

James P. Fitzgerald, of McGrath, North, Mullin & Kratz, P.C., Omaha, for appellant.

Thomas F. Flaherty, of Fraser, Stryker, Vaughn, Meusey, Olson, Boyer & Bloch, P.C., Omaha, for appellee.

HASTINGS, C.J., BOSLAUGH, WHITE, CAPORALE, SHANAHAN, GRANT, and FAHRNBRUCH, JJ.

PER CURIAM.

Plaintiff-appellant, Michael McCormack, signed a pledge agreement guaranteeing a debt of Acoustical Engineering, Inc., and pledging certain shares of stock as collateral. After Acoustical defaulted on its promissory note to defendant-appellee, First Westroads Bank (hereinafter Bank), the Bank sold the stock and applied the proceeds to the debt. In his second amended petition, McCormack set out four "causes of action," alleging generally that the Bank converted...

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