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Guarantor Must Pay Back Company's Loan, Federal Judge Rules

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WEST PALM BEACH, Fla. - A federal judge in Florida on April 29 granted summary judgment to Branch Banking and Trust Co. (BB&T), which sued to recover on loans it acquired from a failed bank, finding that a guarantor "guaranteed that he would pay" a corporation's debt "in clear and unambiguous terms" (Branch Banking and Trust Co. v. Hamilton Greens LLC, et al., No.11-80507, S.D. Fla.; 2013 U.S. Dist. LEXIS 60675)....(read more)

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