Defendants, personal, as well as business accountants of the Papis, forwarded a letter to plaintiff-bank setting forth the net personal worth of the Papis, upon which plaintiff-bank allegedly relied in extending credit to the Papis' corporation. The letters contained false information about the Papis' assets. The corporate indebtedness was guaranteed by personal guarantees from the Papis. We agree with the IAS Court that summary judgment should be denied at this juncture...
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