Gruenberg v. Magnemi
Published: Dec. 2, 2000 | Result Date: Sep. 18, 2000 | Filing Date: Jan. 1, 1900 |Case number: SC056517 Bench Decision – $256,450
Judge
Court
L.A. Superior Santa Monica
Attorneys
Plaintiff
Richard A. Fisher
(Law Office of Richard A Fisher)
Defendant
Facts
On April 15, 1998, the defendant presented to the plaintiff an opportunity to loan money to the defendant, at 4
percent interest per month. The parties executed a promissory note providing that the plaintiff would loan the
defendant $200,000. The entire principal was due on Aug. 15, 1998. The defendant made an interest payment
in August 1998, and failed to pay the principal and interest thereafter.
P
Settlement Discussions
The plaintiff demanded $200,000, payable immediately, or stipulated judgment and assignment of future payments. The defendant offered no guaranteed payment, with stipulated judgment, filed at some future date.
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