Federal Refinance Co. v. Klock
Court of Appeals for the First Circuit
1Opinion of the Court
SELYA, Circuit Judge.
Many people think that securing a favorable judgment from a court of competent jurisdiction marks the end of a plaintiffs journey. In some instances, however, that is only a step along the road to meaningful relief. This is a case in point.
In 1997, Federal Refinance Co., Inc. (Federal) obtained a deficiency judgment for over $331,000 against Frank Romano, Jr. It spent the next five years trying to satisfy the judgment by levying upon Romano’s principal asset (his shares of stock in a closely held corporation). When the stock proved elusive, Federal asked the district…
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