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SNCB CORPORATE FINANCE LIMITED v. SCHUSTER

No. 93 Civ. 0687 (LLS).

877 F.Supp. 820 (1994)

SNCB CORPORATE FINANCE LIMITED, Plaintiff, v. Eugene Ivan SCHUSTER and Venture Funding, Ltd., Defendants.

United States District Court, S.D. New York.

September 29, 1994.

Attorney(s) appearing for the Case

Hill, Betts & Nash (Martin Domb, of counsel), New York City, for plaintiff.

Morganroth & Morganroth (Mayer Morganroth, of counsel), New York City, for defendants.

OPINION AND ORDER

STANTON, District Judge.

Plaintiff moves pursuant to Fed.R.Civ.P. 56 for summary judgment.

BACKGROUND

Plaintiff SNCB Corporate Finance Limited ("SNCB") seeks to enforce two guarantees made with respect to a working capital facility (the "Facility") extended in 1990 by the London branch of the National Commercial Bank ("NCB") to American Monitor (UK) Limited ("AMUK"), an English company.1 Plaintiff...

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