The plaintiff loaned $400,000 to the defendant corporation for a real estate project.
When the defendant defaulted, the plaintiff sought an equitable mortgage on the property and posted about the default on a private Facebook group for real estate investors.
The defendant counterclaimed for defamation and intentional interference with economic relations.
The Superior Court of Justice granted the plaintiff's claim, finding the loan was in default and an equitable mortgage arose, taking priority over a subsequent legal mortgage.
The court dismissed the counterclaim, holding the Facebook post was substantially true, protected by qualified privilege, and did not constitute unlawful interference.
