In June 2016, *** Group Corp. borrowed $336,000 from LH LLC, promising to repay the amount with interest by December 1, 2018. And to that end, YT provided a personal guaranty to ensure repayment.
When *** later defaulted on the payments, LH filed a lawsuit with the Rockland County Supreme Court seeking to recover the owed amount against the debtor and its guarantor. And after the judge assigned to the matter ruled in LH’s favor, and awarded a money judgment in the amount of $549,678.85, an appeal ensured.
On its review, the Appellate Division, Second Department, could discern no irregularity with the underlying determination and found that LH had “established its prima facie entitlement to judgment as a matter of law.” In the absence of a “triable issue of fact,” the outcome was affirmed.
Think that was duly noted?
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DECISION