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FRY v. COYOTE PORTFOLIO

No. 5371, Sept. Term, 1998.

739 A.2d 914 (1999)

128 Md. App. 607

E. Mitchell FRY, Jr. v. COYOTE PORTFOLIO, LLC, Successor In Interest.

Court of Special Appeals of Maryland.

October 28, 1999.

Attorney(s) appearing for the Case

Michael Myerson, Ellicott City (Marc E. Shach, David H. Cole and Coon & Shach, LLC, on the brief), Baltimore, for appellant.

Ralph S. Tyler (Hogan & Hartson, L.L.P., on the brief), Baltimore, for appellee.

Argued before DAVIS, EYLER and JOHN J. BISHOP, Jr. (retired, specially assigned), JJ.

DAVIS, Judge.

On November 1, 1985, appellant E. Mitchell Fry executed a Promissory Note (Note) to pay $1,500,000 to The State of Maryland Deposit Insurance Fund Corporation (MDIF). Appellant defaulted on the Note leaving a balance due of $500,000. In November 1995, MDIF filed suit in the Circuit Court for Baltimore City against appellant to procure payment. In December 1995, MDIF and appellant reached an agreement on a payment...

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