CNA Financial Corp. v. Flood (In re Flood)

MEMORANDUM OPINION AND ORDER REGARDING ADVERSARY COMPLAINT TO DETERMINE DISCHARGEABILITY (DOC. NO. 1)

CHARLES M. CALDWELL, Judge.

This Memorandum Opinion and Order serves as the Court’s findings of fact and conclusions of law on the Complaint to Determine Dischargeability filed on behalf of CNA Financial Corporation (“Plaintiff’) against the Debtor James P. Flood (“Defendant”). The dispute arises from a 1998 stock purchase and loan agreement offered by Plaintiff to senior executives, including the Defendant. The Defendant purchased 34,374 shares of Plaintiffs stock through a $1,200,000 loan…