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Home / Opinion Digests / No suit for assigned percentage of note (access required)

No suit for assigned percentage of note (access required)

Where plaintiff partially assigned a promissory note to another entity, plaintiff cannot sue a defaulting defendant for the assigned percentage. Overview Plaintiff Walnut Street Finance and defendant Ferguson Holdings entered into a promissory note. Defendant Devon Ferguson signed the note as a guarantor. Later, plaintiff assigned payments on the note to 1Sharpe Opportunity Intermediate Trust. Plaintiff retained “an ...