Frastacky v. Corrente
Defendant Ed Corrente appeals a judgment entered against him and in favor of plaintiffs Fedor Frastacky and Frastacky & Associates, Inc. (jointly, Frastacky or the plaintiffs) for $385,000. Frastacky sued Dermacia, a medical cosmetic company, as well as Corrente and other individuals who worked for the company, after Frastacky made loans to Dermacia that Dermacia failed to pay back prior to the company's failure. Corrente was the Chief Financial Officer for Dermacia during the relevant time period. Frastacky alleged that the defendants made material misrepresentations, concealed material facts, negligently misrepresented facts, conspired to misrepresent or conceal material facts, fraudulently transferred company assets, and/or breached fiduciary duties to Frastacky in their handling of Dermacia's business over the time period during which Frastacky made the loans and the loans came due.
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