|Posted by louisjmaione3 on October 16, 2021 at 9:15 AM|
On September 22, 2021, Mr. Maione prevailed on a Motion to Dismiss a $260,000+ claim against his client based on an alleged guarantee by his client of the debts of several corporations, owned or operated by him, to the complaining Plaintiff. The Supreme Court of New York, by Judge Arthur Engoron, applying the law of New York under its Statute of Frauds, agreed with the individual defendant's argument concerning the questionable validity of the putative oral promise as it applied to honoring the debts of another and dismissed the indiviual defendant. Thereafter, Mr. Maione was successful in convincing plaintiff's counsel of the futility of pursuing the other claims against the corporations for quantuum meruit and unjust enrichment, and the plaintiff withdrew all claims with prejudice.
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