PNC Bank v. Bluestream Technology, Inc.

OPINION BY

BOWES, J.:

Bluestream Technology, Inc., appeals from the order entered on September 10, 2009, denying its petition to strike and/or open a confessed judgment and to dismiss or stay the proceedings. After careful review, we reverse and remand for proceedings consistent with this opinion.

The trial court recited the relevant facts as follows.

In December, 2007, Shimon and Hui-da Petegorsky retained Michael Lefkow-itz to facilitate their purchase of Blues-tream Technologies LLC (“BTLLC”), a telephone equipment resale business. Lefkowitz, an agent for PNC Bank (“PNC”) assured the…