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PRIMEDIA INC. v. SBI USA LLC

43 A.D.3d 685 (2007)

841 N.Y.S.2d 528

PRIMEDIA INC. et al., Respondents, v. SBI USA LLC, Appellant.

Appellate Division of the Supreme Court of the State of New York, First Department.

Decided September 13, 2007.

Plaintiffs allege that defendant failed to honor a $10 million written guarantee of nonparty Trinity Workplace Learning Corporation's obligation to make lease payments pursuant to an asset purchase agreement between Trinity and plaintiffs. When defendant failed to make payments under the written guarantee, plaintiff brought this action to enforce its rights under the contract and to recover for damages it claims to have incurred...

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