David Kroona v. Frank Dunbar, Padun GV, LLC
Court of Appeals of Minnesota
1Opinion of the Court
OPINION
LARKIN, Judge.
Appellants, respondent, and six additional guarantors signed four separate agreements guaranteeing payment of a $5.2 million bank loan to a real-estate company. After the real-estate company defaulted, the bank’s assignee sued all of the guarantors for the unpaid loan balance. Appellants settled with the assignee for $150,000. After the assignee obtained a favorable judgment, respondent settled with the assignee for $400,000. Later, respondent sued appellants for contribution. The district court granted partial summary judgment for respondent, concluding that respondent…
2Cases cited17 opinions
- Fabio v. BellomoSupreme Court of Minnesota · 1993
- Riverview Muir Doran, LLC v. JADT Development Group, LLCSupreme Court of Minnesota · 2010
- Westendorf Ex Rel. Westendorf v. StassonSupreme Court of Minnesota · 1983
- Dykes v. Sukup Manufacturing Co.Supreme Court of Minnesota · 2010
- Mahowald v. Minnesota Gas Co.Supreme Court of Minnesota · 1984
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