Crossroads Equity Partners, LLC v. Dogmatic Products, Inc.

MEMORANDUM OPINION

Glen E, Conrad, Chief United States District Judge

Plaintiffs Crossroads Equity Partners, LLC (“CEP”) and Charles Lunsford filed this declaratory judgment action against defendants Dogmatic Products, Inc, (“DPI”) and Reynolds E. Moulton, III. This case is presently before the court on plaintiffs’ motion for judgment on the pleadings. For the reasons set forth below, the court will deny the motion.

Background

CEP was the holder of a promissory note made by DPI in the amount of $150,000.00 (the “Note”). Moulton personally guaranteed both DPI’s payment of the Note and the…