Sachs v. Adeli

Order, Supreme Court, New York County (Karla Moskowitz, J.), entered July 21, 2004, which denied plaintiffs motion for summary judgment on his cause of action for recovery on a personal guaranty, unanimously reversed, on the law, without costs, the motion granted, and the matter remanded for further proceedings, including for calculation of appropriate attorneys’ fees, costs and interest.

In July 2000, Klothes (NY) LLC (KNY) was formed for the purpose of producing and distributing garments designed by defendant Adeli. The management of KNY was vested in defendant. Plaintiff became an investor.…