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Summary judgment granted enforcing a continuing personal guarantee against corporate directors for corporate debt.
The plaintiff moved for partial summary judgment against the individual defendants, seeking to hold them personally liable for a consent judgment previously obtained against their corporation.
The plaintiff relied on personal guarantees signed by the defendants.
The defendants argued the guarantees were invalid or limited, and sought a stay of proceedings based on an arbitration clause.
The court dismissed the request for a stay, finding it was brought too late and that the oppression claim fell outside the arbitration agreement.
The court granted summary judgment, finding the 2010 personal guarantee was a continuing guarantee that rendered the individual defendants personally liable for the corporate debt.
