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FEDERAL DEPOSIT INS. CORP. v. NAPERT-BOYER PARTNERSHIP

(14230)

40 Conn. App. 434 (1996)

FEDERAL DEPOSIT INSURANCE CORPORATION, RECEIVER OF NEW CONNECTICUT BANK AND TRUST COMPANY, N.A. v. NAPERT-BOYER PARTNERSHIP ET AL.

Appellate Court of Connecticut.

Decision released February 27, 1996.

Attorney(s) appearing for the Case

Raymond L. Baribeault, Jr., with whom, on the brief, were Andrew J. Brand and S. Joel Suisman, for the appellants (named defendant et al.).

John J. Graubard, with whom, on the brief, was Thomas R. Legenhausen, for the appellee (plaintiff).

Foti, Lavery and Landau, Js.

LAVERY, J.

This is an appeal by the defendants1 from a judgment on two promissory notes for $12,301,165.61. The notes called for a variable interest rate of 1 percent above the prime rate of Connecticut Bank and Trust Company (CBT). The defendants claim that the trial court improperly (1) substituted the prime rate of Fleet Financial Group for the prime rate of the failed CBT, (2) found that...

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