CIT GroupEquipment Fin. Inc. v. Airport Shuttle Inc.
Jul
25
2007
Ruling
Guarantors protected from excessive recovery by creditor participating in obligor's bankruptcy.
Procedural posture
Plaintiff leasing company sued defendants, two guarantors, after a tour company defaulted on two master lease agreements. The leasing company had leased motor coaches to a touring company. The leasing company sought summary judgment on two Louisiana guaranty agreements.
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Court
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