Fresno-Madera Fed'l Land Bank v. Aron Margosian

*569MEMORANDUM **

The Fresno-Madera Federal Land Bank Association, FCLA (“Land Bank”) sued Aron and Carrie Margosian for breaching their guaranty of a $4.8 million restructured loan made to ZM Fresh Special T’s, Inc. (“ZM”), formerly known as ZMC Fresh, Inc. The Margosians asserted cross claims alleging that the Land Bank (1) misrepresented that the guaranty would not expose the Margosians to personal liability for ZM’s indebtedness and (2) obtained their signatures on the guaranty by fraudulently concealing known facts about ZM’s precarious finances. The district court granted summary judgment…