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PANELLA DESCENDANTS' TRUST v. NORTHWEST BAY PARTNERS, LTD.

522626.

148 A.D.3d 1377 (2017)

2017 NY Slip Op 01925

49 N.Y.S.3d 785

THE PANELLA DESCENDANTS' TRUST, Respondent, v. NORTHWEST BAY PARTNERS, LTD., et al., Appellants, et al., Defendants.

Appellate Division of the Supreme Court of New York, Third Department.

Decided March 16, 2017.

On August 17, 2012, Frank Panella and defendants Northwest Bay Partners, Ltd. and Michael O'Brien (hereinafter collectively referred to as defendants) entered into a settlement agreement, which stipulated that defendants execute a promissory note in the amount of $1,000,000. On the same date, defendants executed a promissory note for...

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