Company seeks repayment of $50k loan

Kelly Holleran Dec. 2, 2009, 12:31pm

The Vanguard Corporation is demanding a man repay it $50,000 for money it lent to him in June.

Vanguard filed a lawsuit Nov. 23 in St. Clair County Circuit Court against Michael James Dodd.

Vanguard claims it entered into a $50,000 promissory note with Dodd on June 18.

"All loans made by plaintiff to defendant are repayable 'on demand,'" the suit states. "Plaintiff has demanded repayment of said $50,000. Defendant has failed and refused to repay said $50,000."

In addition to the money it says Dodd owes it, Vanguard seeks interest at 5 percent per annum from June 18 through Nov. 23, plus judgment interest and costs.

Robert G. Wuller Jr. of Neville, Richards and Wuller in Belleville will be representing him.

St. Clair County Circuit Court case number: 09-L-631.

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