(DOWNLOAD) "Lyons V. Security Pacific Nat. Bank" by Second Appellate District, Division Three Court of Appeal of California # eBook PDF Kindle ePub Free
eBook details
- Title: Lyons V. Security Pacific Nat. Bank
- Author : Second Appellate District, Division Three Court of Appeal of California
- Release Date : January 31, 1995
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 78 KB
Description
In this appeal, we review the judgments entered in favor of two defendant entities, Security Pacific National Bank (the Bank), and Michael Yurosek, David Yurosek and Mike Yurosek & Son, (the Yuroseks) in an action brought by plaintiff Charles J. Lyons, a co-signatory with the Yuroseks on a $2.35 million promissory note to the Bank. The complaint alleged three counts of conspiracy among defendants. According to the alleged conspiracy, the Bank agreed with the Yuroseks to seek repayment of the entire $2.35 million from Lyons only. Meanwhile, the complaint alleged, the Yuroseks amassed a $23 million sham debt to the Bank, and then granted the Bank security interests in all of their remaining assets. Lyons alleged this preferential transfer was made for the purpose of preventing him from obtaining contribution from the Yuroseks for their share of the funds Lyons paid to the Bank in satisfaction of the $2.35 million loan.