First Citizens Bank v. Sullivan

¶1 First Citizens Bank (the Bank) brought this action to recover a deficiency due on a loan to Glacier Apparel Company, Ltd. (Glacier Apparel), which Patrick J. Sullivan and Greg J. Eide had guaranteed. Sullivan and Eide denied liability and filed counterclaims, including claims that Eide’s guaranty had been exonerated and he had suffered damages as a result of the Bank’s refusal to release a second mortgage on his home, and that Sullivan suffered damages as a result of the Bank’s failure to liquidate collateral in a commercially reasonable manner. A jury in the Second Judicial District…