New Canaan Bank & Trust v. Pfeffer

The plaintiff, New Canaan Bank & Trust (bank), appeals the Superior Court’s {Fitzgerald, J.) ruling that the bank’s bad faith conduct precluded it from recovering the balance due on a promissory note from the defendant, Steven S. Pfeffer. The bank challenges the ruling upon various grounds. Pfeffer cross-appeals, primarily arguing that the trial court erred in rejecting his equitable estoppel defense. We affirm the trial court’s ruling against the bank based upon the estoppel issue raised in the cross-appeal, and thus do not address the bank’s appeal or Pfeifer’s other claims.

The following…