Quantcast
Viewing all articles
Browse latest Browse all 57

Guarantor’s Cross-Claims Cover Different Issue 

As plaintiff bank settled its collection action on a Promissory Note by settling with six guarantors and jointly moving for a voluntary dismissal, a Norfolk U.S. District Court says a defendant who opposed dismissal cannot pursue cross-claims against the settling guarantors and non-parties because the cross-claims do not arise out of the same transaction. Defendant’s ...

Viewing all articles
Browse latest Browse all 57

Trending Articles