Yanow v. Teal Industries, Inc.

The narrow question presented by this appeal is whether the trial court abused its discretion in denying the plaintiff’s timely motion to open judgment. A complete recitation of the facts of this case, as contained in the trial court’s memorandum of decision, is unnecessary to our consideration of the issues raised on appeal. For the purpose of our limited review, the following facts are relevant: The plaintiff, Bernard N. Yanow, owned approximately 10 percent of the outstanding stock of the Mallard Manufacturing Company. In 1971, Mallard merged with Teal Industries, Inc. (Teal). Shortly…