NORTH HILL FUNDING OF NEW YORK, LLC v. MAIDEN & MADISON HOLDINGS, LLC.

15386, 602997/09, 603397/09

129 A.D.3d 496 (2015)

13 N.Y.S.3d 13

2015 NY Slip Op 04933

NORTH HILL FUNDING OF NEW YORK, LLC, Respondent, v. MAIDEN & MADISON HOLDINGS, LLC, et al., Appellants. (And Another Action.)

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

Decided June 11, 2015.


Judgment, Supreme Court, New York County (O. Peter Sherwood, J.), entered April 16, 2014, in favor of plaintiffs, unanimously reversed, on the law, with costs, the judgment vacated, and the matter remanded for further proceedings in accordance herewith.

In an order entered December 23, 2011, Supreme Court construed the limitation in defendants' guaranty of a loan by plaintiff to apply to the total of the guaranteed obligation minus any money collected by plaintiff...

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