Celanese Fiber v. Pic Yarns, Inc.

The plaintiff commenced this suit against the defendants, Pic Tarns, Inc., Mack Haut and Donald St. John, alleging a trade debt against the corporate defendant, the payment of which was personally guaranteed by the individual defendants. On September 25,1979, as a result of a pretrial conference and discussion, in which Zarrilli, J. participated, the case was settled. On the same day, a stipulated judgment was rendered in favor of the plaintiff against all the defendants in the amount of $75,000, without interest and costs, provided that the judgment was paid to the plaintiff no later than…