Pierson v. United Bank of Durango

VAN CISE, Judge.

Plaintiff D.L. Pierson commenced this action against defendant, United Bank of Durango (the bank), for damages for fraud, misrepresentation, and breach of contract following the repossession of two airplanes that were the collateral securing a note given by Pierson and Marvin Hopkins to finance the purchase of one of the airplanes from the bank. On the bank’s motion, Hopkins was joined as an involuntary plaintiff. The bank then answered the complaint and counterclaimed against both plaintiffs for the balance due on the note after repossession and sale of the collateral.…