Nexbank, SSB v. Soffer

Order, Supreme Court, New York County (Shirley Werner Kornreich, J.), entered February 4, 2015, which granted plaintiff’s motion for summary judgment on the issue of liability and denied defendants’ cross motion for summary judgment dismissing the complaint, unanimously affirmed, without costs.

For the past several years, the parties herein have been involved in extensive litigation in both Nevada and New York over the terms of a construction loan and a guaranty provision contained therein. A recitation of the history of this litigation will provide the necessary background for the present…