Berlant v. National Bank of Florida

The parties to this litigation had settled their dispute by way of a court-approved stipulation. The stipulation called for Ber-lant to deposit $10,000 in an account with the National Bank of Florida and to assign as additional collateral certain mortgages he owned. Because payments for several of the assigned mortgages were made to National while the remainder of the assigned mortgage payments were made directly to Berlant, the stipulation afforded both National and Berlant a right to an accounting “for all monies received by each from the mortgagees.” Various procedural skirmishes ensued…