Robbins Firm Wins Judgment in Excess of $500,000 On Behalf of Private Lender in Personal Guaranty Lawsuit
Last month, Robbins Firm attorneys won a judgment worth more than $500,000 on behalf of an individual lender on a claim for breach of personal guaranty. The firm’s client originally lent money to a real estate investment company controlled by its principal, an acquaintance of the lender. When the company, through her acquaintance, made it clear that they would not repay her, the Firm arbitrated the dispute before JAMS, securing an award against the company. When enforcement of that award against the company, which had been stripped of its assets, proved infeasible, the Firm brought suit in superior court against the company’s principal, who had personally guaranteed the loan. The court granted the Firm’s motion for summary judgment on the lender’s breach of personal guaranty claim, awarding her over $500,000, comprised of her lost principal, interest, and attorney fees.
For more information, please contact Richard Robbins, Kimberly Anderson, or Alexander Denton.