FWB Bank v. R.S.Q. Associates

By Judge Thomas A. Fortkort

This case is before the Court on the motion of the defendants to set aside a confessed judgment. After hearing oral argument, the Court took the matter under advisement and requested additional memoranda from the parties. The Court has had the opportunity to fully review and consider these documents. For the reasons set forth below, the motion is granted.

The facts underlying this case are detailed in the various pleadings and memoranda filed by the parties. On June 13, 1988, defendant R.S.Q. Associates borrowed $400,000.00 from plaintiff FWB Bank, formerly First…