New York Appeals Court Grants Summary Judgment on $500,000 Loan Obligation

On March 7, 2019, the New York Appellate Division, First Department, granted Summary Judgment in favor of Law Office of Ethan A. Brecher, LLC’s client’s claim on a $500,000 loan, reversing the lower court’s order which had denied summary judgment. The Appeals Court found that the LLC borrower and its individual principal who guaranteed payment were both liable on the outstanding unpaid debt. With interest, the amount due exceeds $800,000.  Read a copy of the Court’s decision here: Loren v. Sarachek Appeal Decision.