Category Archives: State Law Issues

Bankruptcy Bullets – Bank of America, N.A. v. Lightstone Holdings, LLC, Index No. 601853/2009 (Sup Ct NY Cty July 14, 2011)

On July 14, 2011, Judge Melvin L. Schweitzer for the Supreme Court of the State of New York for New York County, granted a motion for summary judgment that upheld the enforceability of a non-recourse carve-out guaranty that became fully recourse upon Extended Stay Hotels Inc.’s bankruptcy filing. Continue reading