Monarch Bank in Laguna Niguel, which posted a meager $24,000 profit last year after an $874,000 loss in 1984, has been told by a Superior Court jury in Los Angeles to pay $111,450 to a service company to settle a contract dispute.
Tridatatron Software Services, which had claimed that the bank failed to pay the amount as a termination fee, won the verdict Jan. 30 after a two-week trial. The bank has appealed the verdict.
Monarch had sued Tridatatron, which recently moved to Anaheim from Norwalk, claiming that the computer company failed to perform on a contract for collecting real estate loans for the bank.
Tridatatron countered, accusing Monarch in its successful suit of failure to pay a required fee when it terminated its service contract in August, 1984.