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Friday
Oct152010

In an action to recover a LearJet Model 60 and the resulting deficiency after sale, Dressler | Peters, LLC won a judgment of $3,760,134.64 against two personal guarantors under New York law and settled with another. Dressler | Peters, LLC filed suit in the Unites States District Court for Delaware against several entities for replevin of the LearJet and for a deficiency judgment. Dressler | Peters, LLC successfully obtained a writ of replevin and confiscated the aircraft. After defeating a personal guarantor’s motion to dismiss for lack of personal jurisdiction, Dressler | Peters, LLC  settled with one personal guarantor and obtained a declaratory judgment under New York law ensuring that the settlement did not interfere with the liability of the remaining guarantors. Thereafter, Dressler | Peters, LLC won summary judgment as to liability against the remaining personal guarantors and, after convincing the Court of the commercial reasonableness of the sale of the LearJet, won its judgment.