Export-Import Bank v. Advanced Polymer Sciences, Inc.
District Court, N.D. Ohio
1Opinion of the Court
OPINION AND ORDER
CHRISTOPHER A. BOYKO, District Judge:
This matter comes before the Court upon Defendants’ Motion to Vacate the cognovit judgment entered against them by this Court on May 22, 2007. For the reasons set out below, the Court DENIES the Motion to Vacate.
I. FACTS
Advanced Polymer Sciences (“APS”) was a Delaware corporation and the family business of Defendants Donald and Arlene Keehan (collectively “Keehans”). Between 1997 and 2000, APS took out a series of loans from Bank One, N.A. (“Bank One”). The series of loans encompassed a domestic line of credit evidenced by three promissory…
2Cases cited33 opinions
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