Connecticut General Life Insurance v. Punia
District Court, D. New Jersey
1Opinion of the Court
OPINION
WALLS, District Judge.
The defendants, Herbert Punia, Leonard Punia and Bernard Weissman (collectively, “the guarantors”) move for summary judgment pursuant to Rule 56 of the Federal Rules of Civil Procedure. Argument was heard on April 10, 1995. For reasons stated below, the motion is granted, dismissing plaintiff Connecticut General Life Insurance Company’s (“CGLIC”) complaint.
Background
The plaintiff, Connecticut General Life Insurance Company, brought this lawsuit to enforce the terms of a $3 million personal guaranty given by the guarantors to secure an $11 million loan given to the…
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