Lipsky Portales Secures $2 Million Judgment

Sean M. Lipsky and Elena Portales represented a lender against a guarantor on a commercial mortgage.  Despite the guarantor’s unsubstantiated claims that he paid off the commercial mortgage, we persuaded the trial court to enter summary judgment in favor of the lender at the inception of the litigation.  The guarantor then filed a motion to renew, claiming he found documentation discrediting the lender’s claims.  In response, we submitted papers demonstrating that the guarantor’s position was frivolous and sought the imposition of sanctions.  Based on our sanctions motion, the guarantor withdrew his motion to renew and the Court affirmed the $2 million judgment.