During 1996-1997, plaintiffs David Kleinman and Dorothy Kleinman made a series of loans totaling $200,000 to defendants E.L. Tool & Die Co. Inc., also known as E.L. Tool & Die Inc., and Earings by Cristina, Inc., also known as Earrings by Cristina, Inc. In four separate instances, plaintiffs loaned $50,000 to defendants and received as security a postdated check in the amount of $50,000, endorsed by nonparties John Ricotta (officer and shareholder of E.L. Tool &...
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