Bond Associates Title Agency v. Jpmorgan Chase, 2008ca00072 (1-20-2009)

OPINION

{¶ 1} On March 26, 2007, appellee, Bond and Associates Title Agency, filed an interpleader action to resolve a dispute among creditors as to who was entitled to escrowed funds in the amount of $150,287.29. The funds were proceeds from the sale of a restaurant owned by BW Downs, Inc.

{¶ 2} A hearing before a magistrate was held on January 23, 2008. By decision filed February 7, 2008, the magistrate recommended the following distribution: 1) $995.71 to the Ohio Department of Taxation; 2) $118,494.89 to Avalon Foodservice, Inc.; 3) $17,392.00 to Nagel Advertising, Inc.; 4) $8,500.00 to…