Fletcher v. Cobuzzi

OPINION

WEBER, Chief Judge.

This matter comes before the court on cross-motions for summary judgment on the issue of damages and is ripe for such disposition, there being no material issue of fact in dispute.

The facts in this case have been stipulated to by the parties and have been set out at length in this Court’s previous opinion. Fletcher v. Cobuzzi, 499 F.Supp. 694 (W.D. Pa.1980). Briefly then, plaintiff was the owner of a number of shares of stock. He pledged these shares to defendant as collateral for a debt incurred in the purchase of defendant’s restaurant business. Defendant later…