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E-COMMERCE LIGHTING, INC. v. E-COMMERCE TRADE LLC

No. E074525.

86 Cal.App.5th 58 (2022)

E-COMMERCE LIGHTING, INC., et al., Plaintiffs and Appellants, v. E-COMMERCE TRADE LLC, Defendant and Respondent; BANC OF CALIFORNIA, NATIONAL ASSOCIATION, Intervener and Respondent.

Court of Appeals of California, Fourth District, Division Two.

December 9, 2022.

Attorney(s) appearing for the Case

Best Best & Krieger, Howard B. Golds, Thomas M. O'Connell, Sunny H. Huynh, Christina M. Morgan, Adam P. Smith and Victor L. Wolf for Plaintiffs and Appellants.

The Daley Law Firm, Darrell Daley; Slovak Baron Empey Murphy & Pinkney and Brent S. Clemmer for Defendant and Respondent.

Buchalter, Robert S. McWhorter and Jacqueline N. Vu for Intervener and Respondent.

OPINION

An arbitrator determined that a borrower and lender were liable to each other for similar amounts, each roughly two and a half million dollars. He then offset the awards against each other, resolving the disputed issue of whether a setoff was proper.

A bank, however, had also lent money to the borrower...

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