Louis Dreyfus Energy Corp. v. MG Refining & Marketing, Inc.

Order, Supreme Court, New York County (Herman Cahn, J.), entered October 24, 2002, which, insofar as appealed from, granted defendant-respondent guarantor’s motion for summary judgment dismissing the complaint as against it, unanimously affirmed, with costs.

Plaintiffs claim that in 1993 they entered into certain contracts with defendant guarantor’s codefendant that contained buyout options, and seek to hold the guarantor liable for the codefendant’s failure to make payment when plaintiffs purported to exercise the buyout options in 1996. By its terms, the guarantee, which was given in 1993…