River City Bank v. DeBenedetti

Lane Meat Company (Lane) sought to restrain execution in Oregon of a California judgment by Del Monte Capitol Meat Company (Del Monte). The trial court denied Lane’s motion for a stay, and Lane appeals. We affirm.

In February, 1984, Lane borrowed $300,000 from River City Bank (River City). Del Monte guaranteed the loan. At the time of the loan, David DeBenedetti (David) was the president and Victoria DeBenedetti (Victoria) was the secretary/treasurer of both Lane and Del Monte. Frank DeBenedetti (Frank) also had an interest in Lane and Del Monte.1 In 1985, David, Victoria, and Frank separated…