Continental Bank, N.A. v. Modansky

ORDER

BUA, District Judge.

This is a case of guaranty agreements. Continental Bank, N.A. (“Continental”) seeks to enforce these agreements against defendants Sheldon Modansky, Aaron Mo-dansky, and Ajayem Investors Corporation (“Modanskys”) in order to recover approximately $9,765,575, together with costs.

The facts alleged by the parties follow the usual pattern: Continental extended loans, in the form of lines of credit, to four lumber companies (“borrowers”). The Mo-danskys secured the loans. They signed agreements allegedly guaranteeing payment of all amounts owed to Continental by the…