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PORT DISTRIBUTING CORP. v. PFLAUMER

No. 92 Civ. 5514 (LAP).

880 F.Supp. 204 (1995)

PORT DISTRIBUTING CORP., Plaintiff, v. William PFLAUMER, Defendant.

United States District Court, S.D. New York.

March 21, 1995.

Attorney(s) appearing for the Case

Roy A. McKenzie, New York City, for plaintiff.

Gregg J. Borri, New York City, Alan Klein, Mark J. Rosen, Cohen, Shapiro, Polisher, Shiekman and Cohen, Philadelphia, PA, for defendant.

MEMORANDUM AND ORDER

PRESKA, District Judge.

Plaintiff, Port Distributing Corp. ("Port"), brought this action to compel payment of $560,000.00, together with 19% interest from October 1, 1991 based upon a guaranty executed by the defendant, William Pflaumer ("Pflaumer"). Port has moved for summary judgment. Defendant opposes this motion and has cross-moved for summary judgment, arguing that Port impaired the collateral that secured the guaranteed...

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