MAC Funding Corp. v. Northeast Impressions, Inc.

MEMORANDUM OPINION AND ORDER

BUCKLO, District Judge.

MAC Funding Corporation (“MAC”), a Delaware corporation with its principal place of business in Illinois, sues Northeast Impressions Inc. (“NEI”), a New Jersey corporation with its principal place of business in New Jersey, as well as Richard Breakstone, Michael Cestaro, and Gary Swenson (“the guarantors”), all citizens and residents of New Jersey.

In May of 2000, NEI entered into an agreement with MLP USA Inc. (“MLP”) to purchase a printing press. The press was financed by MAC by way of a lease agreement between MAC and NEI. The guarantors…