Olin Corp. v. Castells

The plaintiff Olin Corporation instituted an action against the defendant Raul Castells wherein it alleged that the defendant had fraudulently induced Olin to pay $70,000 into a Swiss hank account which sum the defendant converted to his own use in breach of his employment agreement with Olin. Pursuant to § 52-278e of the General Statutes,1 Olin applied for a prejudgment remedy alleging that there was a reasonable likelihood that the defendant had fraudulently disposed of his property with the intent to defraud his creditor. On the basis of affidavits containing hearsay statements and a copy…