Bank of New York v. National Funding

Opinion

McLACHLAN, J.

The defendant Mostafa Reyad1 appeals from the judgment of the trial court, following a hearing in damages, awarding the plaintiff, The Bank of New York, trustee, the sum of $897,453, plus interest and costs. The defendant claims that the court improperly (1) determined that the plaintiff had standing to bring this action, (2) deprived him of his due process rights by not allowing him to present defenses as to liability and (3) concluded that he was negligent as alleged in the complaint. We affirm the judgment of the trial court.

*135This case is one of several actions, arising…