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LFR vs Woodfill & Pressler / Woodfill

LFR vs Woodfill & Pressler / Woodfill

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Published by Big Jolly Politics
Jared Woodfill debt problems
Jared Woodfill debt problems

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Published by: Big Jolly Politics on Jun 19, 2012
Copyright:Attribution Non-commercial

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05/27/2014

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SUPREME COURT OF THESTATE OF NEW YORK COUNTY OF NEW YORK  – – LFR COLLECTIONS LLC,Plaintiff,-against – WOODFILL & PRESSLER, L.L.P. andJARED R. WOODFILL V,Defendants. – – X::::::::XIndex No. ________________ 
MEMORANDUM OF LAW IN SUPPORT OF PLAINTIFF’SMOTION FOR SUMMARY JUDGMENT IN LIEU OF COMPLAINTM
AYER 
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ROWN
LLP1675B
ROADWAY
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ORK 
,N
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ORK 
10019(212)506-2500
 Attorneys for Plaintiff LFR Collections LLC 
FILED: NEW YORK COUNTY CLERK 03/26/2012
INDEX NO. 650934/2012NYSCEF DOC. NO. 7RECEIVED NYSCEF: 03/26/2012
 
TABLE OF CONTENTSPage
iINTRODUCTION..........................................................................................................................1STATEMENT OF FACTS.............................................................................................................1A.The Loan to Woodfill Firm and Woodfill’s Personal Guaranty.............................1B.Defendants Fail to Repay Loan at Maturity...........................................................5C.The Transfer to LFR of All Right, Title, and Interest to the WoodfillAssets......................................................................................................................6ARGUMENT.................................................................................................................................8I.LFR IS ENTITLED TO SUMMARY JUDGMENT IN LIEU OF COMPLAINTTO ENFORCE THE AMENDED NOTE, THE FORBEARANCEAGREEMENT, AND THE WOODFILL GUARANTY...................................................8A.Applicable Legal Standard.....................................................................................8B.The Amended Note.................................................................................................8C.The Forbearance Agreement..................................................................................9D.The Woodfill Guaranty.........................................................................................10E.Costs, Expenses, and Attorneys’ Fees..................................................................12CONCLUSION............................................................................................................................13
 
TABLE OF AUTHORITIESPage
ii
C
ASES
 AFCO Credit Corp. v. Eshaghian
,217 A.D.2d 676 (2d Dep’t 1995).............................................................................................10
 Bank of America, N.A. v. Solow
,59 A.D.3d 304(1st Dep’t 2009)..............................................................................................10
 Boland v. Indah Kiat Fin. (IV) Mauritius Ltd.
,291 A.D.2d 342 (1st Dep’t 2002)............................................................................................11
 Brest v. Kleidman
,300 A.D.2d 133 (1st Dep’t 2002)............................................................................................10
Cantrade Privatbank AG Zurich v. Bangkok Bank Pub. Co.
,256 A.D.2d 11 (1st Dep’t 1998)..............................................................................................10
Chase Manhattan Bank, N.A. v. Marcovitz
,56 A.D.2d 763 (1st Dep’t 1977)........................................................................................11, 12
Chem. Bank v. Nemeroff 
,233 A.D.2d 239 (1st Dep’t 1996)............................................................................................11
 European Am. Bank & Trust Co. v. Schirripa
,108 A.D.2d 684 (1st Dep’t 1985)............................................................................................11
 Int’l Bus. Mach. Corp. v. Murphy & O’Connell 
,183 A.D.2d 681 (1st Dep’t 1992)............................................................................................12
 Jason Trading Corp. v. Lason Trading Corp.
,303 A.D.2d 180 (1st Dep’t 2003)............................................................................................10
 Mangiatordi v. Maher 
,293 A.D.2d 454 (2d Dep’t 2002).............................................................................................10
 Milliken & Co. v. Stewart 
,182 A.D.2d 385 (1st Dep’t 1992)............................................................................................11
 Rhodia, Inc. v. Steel 
,32 A.D.2d 753 (1st Dep’t 1969)..............................................................................................11
Seaman-Andwall Corp. v. Wright Machine Corp.
,31 A.D.2d 136 (1st Dep’t 1968)....................................................................................8, 11, 12
Shearson Lehman Hutton, Inc. v. Myerson & Kuhn
,197 A.D.2d 410 (1st Dep’t 1993)..............................................................................................9

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