Capital One Taxi Medallion Finance v. Corrigan

Order, Supreme Court, New York County (Saliann Scarpulla, J.), entered July 21, 2016, which denied plaintiff’s motion for summary judgment in lieu of complaint, unanimously reversed, on the law, and the motion granted. The Clerk is directed to enter judgment accordingly.

Plaintiff established prima facie its entitlement to summary judgment on defendants’ guaranties of nonparty Transit Funding Associates, LLC’s (TFA) obligations under a loan agreement by submitting evidence of the loan agreement, promissory notes, individual guaranties, and TFA’s and defendants’ failure to pay (see Bank of Am.…