Kazi v. General Electric Capital Business Asset Funding Corp.

Order, Supreme Court, New York County (Melvin L. Schweitzer, J.), entered on or about February 21, 2013, which granted defendants’ motion to dismiss the complaint, unanimously affirmed, with costs.

Defendants obtained judgments against plaintiffs in an aggregate amount of more than $17 million on written loan guaranties made by plaintiffs in favor of defendants. In this action, plaintiffs seek an equitable accounting alleging the judgments have been satisfied and cancellation of the judgments obtained in the prior action.

Plaintiffs, guarantors of the loans made between affiliated entities and…