Primedia Inc. v. SBI USA LLC

Order, Supreme Court, New York County (Richard B. Lowe, III, J.), entered January 17, 2007, which, to the extent appealed from as limited by the briefs, granted plaintiffs’ cross motion for summary judgment in part, unanimously reversed, on the law, without costs or disbursements, and the motion denied.

Plaintiffs allege that defendant failed to honor a $10 million written guarantee of nonparty Trinity Workplace Learning Corporation’s obligation to make lease payments pursuant to an *686asset purchase agreement between Trinity and plaintiffs. When defendant failed to make payments under the…