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Home / Opinion Digests / Guarantor’s Cross-Claims Cover Different Issue (access required)

Guarantor’s Cross-Claims Cover Different Issue (access required)

As plaintiff bank settled its collection action on a Promissory Note by settling with six guarantors and jointly moving for a voluntary dismissal, a Norfolk U.S. District Court says a defendant who opposed dismissal cannot pursue cross-claims against the settling guarantors and non-parties because the cross-claims do not arise out of the same transaction. Defendant’s proposed ...