Case Name: BNY Financial Corporation, Respondent, v. N.G.N., Inc., et al., Defendants, and Neal Jacobs, Appellant
Court: New York Supreme Court, Appellate Division
Jurisdiction: New York
Decision Date: 2001-02-06
Citations: 280 A.D.2d 280
Docket Number: 
Parties: BNY Financial Corporation, Respondent, v N.G.N., Inc., et al., Defendants, and Neal Jacobs, Appellant.
Judges: 
Reporter: Appellate Division Reports
Volume: 280
Pages: 280–281

Head Matter:
BNY Financial Corporation, Respondent, v N.G.N., Inc., et al., Defendants, and Neal Jacobs, Appellant.
[719 NYS2d 658]

Opinion:
—Order, Supreme Court, New York County (Paula Omansky, J.), entered on or about April 16, 1999, which, inter alia, granted plaintiffs motion for summary judgment as against defendant-appellant Neal Jacobs based upon his guaranty of the obligations of defendants N.G.N., Inc. and Reading Garment Co., and denied defendants' motion for leave to amend their pleading to assert a counterclaim for waste, and judgment, same court and Justice, entered May 10, 1999, inter alia, awarding BNY Financial Corporation judgment against defendant-appellant, in the principal amount of $304,958.76, unanimously affirmed, with costs.
In view of the failure of defendant-appellant and his co-defendants to particularize their claims that plaintiff BNY Financial Corporation, the corporate defendants' factor, had, subsequent to the dissolution of the corporate defendants, been involved in the sale of their assets, and that the sale had been wasteful, the court properly denied defendants' motion for leave to assert a counterclaim for waste (see, Mestel & Co. v Smythe, Masterson & Judd, Manda Weintraub, 181 AD2d 501). Additionally, the absence of any questions of fact concerning the amount by which defendants' obligations exceeded inventory warranted the grant of summary judgment on the guaranty executed by Jacobs. In these circumstances, Jacobs's request to compel discovery is academic. Concur — Sullivan, P. J., Nardelli, Williams, Tom and Friedman, JJ.