Williams Bros. Lumber Co. v. Malloy

McMillian, Judge.

Defendant Patrick Malloy, Jr., was a homebuilder and real estate developer, who operated his business through a number of entities including Patrick Malloy Communities, LLC (“PMC”). For a number of years, PMC had purchased substantial quantities of lumber and building supplies from plaintiff Williams Bros. Lumber Company, LLC (“Williams Bros.”).1 As economic conditions and the housing market declined during 2007 and 2008, Williams Bros, became concerned about the security of the debt owed by PMC and initiated negotiations to obtain the personal guarantee of Malloy on PMC’s…