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IRB-BRASIL RESSEGUROS S.A. v. PORTOBELLO INTERNATIONAL LIMITED

5154, 604449/06.

84 A.D.3d 637 (2011)

923 N.Y.S.2d 508

IRB-BRASIL RESSEGUROS S.A., Respondent-Appellant, v. PORTOBELLO INTERNATIONAL LIMITED et al., Appellants-Respondents.

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

Decided May 24, 2011.

IRB met its prima facie burden of establishing entitlement to summary judgment with evidence that defendant Portobello International Limited issued the global note, defendant guarantors guaranteed it, IRB purchased it and Portobello defaulted (see IRB-Brazil Resseguros, S.A. v Inepar Investments, S.A., 83 A.D.3d 573 [2011]; IRB-Brasil Resseguros S.A. v Eldorado Trading Corp. Ltd., 68 A.D.3d 576...

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