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1ST SOURCE BANK v. MERRITT

Civ. No. 10-134-SLR.

759 F.Supp.2d 505 (2011)

1ST SOURCE BANK, Plaintiff, v. Brian H. MERRITT, Townsend H. Porter, Jr., and Townsend H. Porter Revocable Trust, Defendants.

United States District Court, D. Delaware.

January 5, 2011.

Attorney(s) appearing for the Case

Brian M. Rostocki, Esquire and Kathleen A. Murphy, Esquire of Reed Smith LLP, Wilmington, DE, Of Counsel: Joseph J. Tuso, Esquire of Reed Smith LLP, Philadelphia, PA, for Plaintiff.

Jennifer Gimler Brady, Esquire and John A. Sensing, Esquire of Potter Anderson & Corroon LLP, Wilmington, DE, for Defendants Townsend H. Porter, Jr. and Townsend H. Porter Revocable Trust.

Richard H. Cross, Jr., Esquire and Ryan M. Ernst, Esquire of Cross & Simon, LLC, Wilmington, DE, Of Counsel: John R. Gillespie, Esquire of John R. Gillespie, P.A., Lighthouse Point, FL, for Defendant Brian H. Merritt.

MEMORANDUM OPINION

SUE L. ROBINSON, District Judge.

I. INTRODUCTION

On December 22, 2009, plaintiff 1st Source Bank ("FSB") filed this action in the Superior Court of the State of Delaware against defendants Brian H. Merritt ("Merritt"), Townsend H. Porter, Jr. ("Porter") and Townsend H. Porter Revocable Trust (the "Porter Trust") (collectively, "defendants") for breach of contract, alleging that defendants failed to make payments to FSB as required...

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