Azuma N v. v. Sinks

OPINION

EDWARD WEINFELD, District Judge.

Plaintiff Azuma N.V. (Azuma), a Netherlands Antilles corporation with its principal place of business in St. Martens, commenced this action against the defendants Earl Sinks a/k/a Earl Richards (“Sinks”) and Ernest G. Barbella (“Barbella”) to recover upon their written guarantees of payment of a note in the sum of $150,000.00, executed by HME Records, Inc. (“HME”) of which Sinks and Barbella are principal stockholders and directors. Upon default in the payment of the note by HME, plaintiffs seek recovery from Sinks and Barbella of the principal sum plus…