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Quadrant Mgmt. Inc. v. Hecker

Supreme Court, Appellate Division, First Department, New York.
Jan 3, 2013
102 A.D.3d 410 (N.Y. App. Div. 2013)

Opinion

2013-01-3

QUADRANT MANAGEMENT INC., Plaintiff–Respondent, v. John HECKER, Defendant–Appellant, Maxine Shriber, et al., Defendants.

Wechsler & Cohen LLP, New York (Kim Lauren Michael of counsel), for appellant. Jones Day, New York (Tracy V. Schaffer of counsel), for respondent.



Wechsler & Cohen LLP, New York (Kim Lauren Michael of counsel), for appellant. Jones Day, New York (Tracy V. Schaffer of counsel), for respondent.
GONZALEZ, P.J., FRIEDMAN, SAXE, RICHTER, ABDUS–SALAAM, JJ.

Judgment, Supreme Court, New York County (Barbara R. Kapnick, J.), entered July 6, 2012, against defendant John Hecker, and order, same court and Justice, entered June 22, 2012, which sua sponte vacated the stay of entry and execution of judgment, unanimously affirmed, without costs.

Plaintiff established its prima facie case on the promissory note by submitting a copy of the executed note and an affidavit by its CFO stating that defendant failed to repay the note in accordance with its terms ( see Solomon v. Langer, 66 A.D.3d 508, 885 N.Y.S.2d 904 [1st Dept.2009] ). In opposition, defendant failed to raise an issue of fact as to a bona fide defense. In his affidavit he asserts that the loan was an advance against deferred compensation and that plaintiff's president fraudulently induced him to sign the note by misrepresenting that the loan would be credited against his deferred compensation. However, these assertions are unsubstantiated and conclusory ( see Banco Popular N. Am. v. Victory Taxi Mgt., 1 N.Y.3d 381, 383–384, 774 N.Y.S.2d 480, 806 N.E.2d 488 [2004];Banner Indus. v. Key B.H. Assoc., 170 A.D.2d 246, 565 N.Y.S.2d 456 [1st Dept.1991];Kornfeld v. NRX Tech., 93 A.D.2d 772, 773, 461 N.Y.S.2d 342 [1st Dept.1983],affd.62 N.Y.2d 686, 476 N.Y.S.2d 523, 465 N.E.2d 30 [1984] ).

The claims asserted by defendant in his separate action against plaintiff, its president, and its affiliates are not “inseparable” from plaintiff's right to payment on the note and therefore do not preclude summary judgment. To the extent those claims allege failure to pay promised deferred compensation, as indicated, defendant submitted only his self-serving affidavit stating that the loan was to be credited against the deferred compensation. The allegations underlying defendant's remaining claims are unrelated to the note and do not affect his obligations thereunder ( see Mitsubishi Trust & Banking Corp. v. Housing Servs. Assoc., 227 A.D.2d 305, 642 N.Y.S.2d 887 [1st Dept.1996];Vinciguerra v. Northside Partnership, 188 A.D.2d 861, 862–863, 591 N.Y.S.2d 267 [3d Dept.1992] ).

In view of the foregoing, we need not separately address defendant's appeal from the June 22, 2012 order.


Summaries of

Quadrant Mgmt. Inc. v. Hecker

Supreme Court, Appellate Division, First Department, New York.
Jan 3, 2013
102 A.D.3d 410 (N.Y. App. Div. 2013)
Case details for

Quadrant Mgmt. Inc. v. Hecker

Case Details

Full title:QUADRANT MANAGEMENT INC., Plaintiff–Respondent, v. John HECKER…

Court:Supreme Court, Appellate Division, First Department, New York.

Date published: Jan 3, 2013

Citations

102 A.D.3d 410 (N.Y. App. Div. 2013)
957 N.Y.S.2d 697
2013 N.Y. Slip Op. 17

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