Opinion ID: 1246757
Heading Depth: 1
Heading Rank: 5

Heading: Question: Four. Do plaintiffs have any plain, speedy or adequate remedy at law?

Text: (10) No. Their secondary prayer is for monetary relief. There are various possibilities which might happen in the court action. The court might determine that Atlantic was not responsible to pay anything to plaintiffs; the court might determine that Atlantic lost its priority or had no security for its advance, and plaintiffs could not then obtain judgment against Atlantic for any money damages. In the complaint plaintiffs prayed for money damages against Atlantic. They admitted at the hearing that in the absence of being able to prove fraud against Atlantic they doubted if they could recover a money judgment against Atlantic. The other defendants are insolvent. The solvency of Atlantic would not help plaintiffs if plaintiffs' only real redress is by securing a return of the assets of the corporation.