Community West Bank v. Friedman
Respondent Community West Bank (CWB) sued appellant Gregory B. Friedman for breach of contract relating to Friedman’s guaranty of a loan for a parcel of commercial real estate. Friedman and his company, borrower Olive Investment, LLC, cross-complained, alleging that CWB induced Olive into taking the loan by falsely promising that CWB would later provide construction funding for the project. CWB moved for summary judgment, and the court granted the motion. Friedman and Olive (collectively, appellants) moved to reopen the case to present additional evidence to undermine CWB’s claim for damages. The court denied the motion. Appellants appealed, challenging both rulings.
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