Legal Opinion
Mechanics National Bank of Worcester v. Killeen
Massachusetts Supreme Judicial Court
Decided January 17, 1979PublishedCited by 103 opinions
1Opinion of the CourtWilkins, J.
The principal issues in this case are (a) whether The Mechanics National Bank of Worcester (bank) violated its contractual obligations to Thomas F. Killeen (Killeen) when, on June 25,1974, it foreclosed on 28,500 shares of stock (stock) in Certain-Teed Products Corporation (company) pledged by Killeen as security for certain loans from the bank, and (b) if the bank wrongfully foreclosed on the stock, what the proper measure of damages is. We conclude that the bank wrongfully foreclosed on the stock and that Killeen is entitled to damages measured by the highest price at which shares of stock…
2Cases cited22 opinions
- United States v. Philadelphia National BankSupreme Court of the United States · 1963
- Slaney v. Westwood Auto, Inc.Massachusetts Supreme Judicial Court · 1975
- Commonwealth v. DeCotisMassachusetts Supreme Judicial Court · 1974
- Dodd v. Commercial Union InsuranceMassachusetts Supreme Judicial Court · 1977
- Baldassari v. Public Finance TrustMassachusetts Supreme Judicial Court · 1975
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3Cited by103 opinions
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- Massachusetts Municipal Wholesale Electric Co. v. Town of DanversMassachusetts Supreme Judicial Court · 1991
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