Drew Peterson has a new reason for wishing he hadn’t listened to his lawyer. His complaint against JPMorgan Chase Bank has been dismissed and they are asking to recover costs from Peterson.
Back in November of 2007, shortly after Stacy Peterson went missing, Drew was seen making preparations for what seemed to be his imminent arrest. His son Stephen arrived at his house to collect the youngest children and to receive funds. Drew’s friend Ric Mims told the Enquirer, “I watched Drew write a check for a little over $200,000 from a home equity line and give it to Steve in case something happened to him.”
By May 2008 Peterson’s lawyer, Joel Brodsky, was telling people on a message board that Drew had replaced the money. His description of the reason for the withdrawal veered a bit from Mim’s. Brodsky wrote, “Drew initally pulled that money out to prevent Stacy from getting it to enjoy with her paramour, but now he put it back because if she pulls it out then she has shown herself and Drew is off the hook so to speak.” It might be safe to assume that the money was returned on Brodsky’s recommendation.
Not surprisingly, Stacy has yet to attempt to withdraw any money from that account, but in the fall of last year, Peterson tried again to access his HELOC; this time to pay for his defense after being charged with murdering his third wife, Kathleen Savio. JPMorgan Chase Bank denied him the funds and cited “imprisonment” as the reason for suspending his home equity line, saying that Drew’s arrest for murder constituted a material change in his financial condition.
Peterson filed a suit against JPMorgan Chase, asking not only for access to the credit line but also for $75,000 in damages. Lawyer Walter Maksym was hired to argue the case.
After numerous amendments to the complaint and seemingly contradictory arguments that attempted to prove that Peterson’s detention constituted no change in his financial condition while also asserting that he was in dire need of cash to pay for his defense, Judge Ronald Guzman dismissed the complaint on September 8.
Yesterday, Chase filed a motion for a judgment against Peterson to be entered which included this proposed judgment:
[PROPOSED] JUDGMENT IN A CIVIL ACTION
The Court has ordered that Plaintiff Drew W. Peterson recover nothing, the action be dismissed on the merits, and that the Defendant JPMorgan Chase Bank, N.A. recover costs from the Plaintiff.
This action was decided by Judge Ronald A. Guzman on Defendant’s motion to dismiss Plaintiffs Amended Complaint pursuant to Federal Rule of Civil Procedure 12(b)(6).
IT IS HEREBY ORDERED AND ADJUDGED that final judgment is entered granting Defendant’s motion to dismiss Plaintiffs First Amended Complaint and dismissing this action with prejudice.
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