Wyndham Hotel Group International, Inc. v. Silver Entertainment LLC

CourtDistrict Court, S.D. New York
DecidedFebruary 1, 2022
Docket1:15-cv-07996
StatusUnknown

This text of Wyndham Hotel Group International, Inc. v. Silver Entertainment LLC (Wyndham Hotel Group International, Inc. v. Silver Entertainment LLC) is published on Counsel Stack Legal Research, covering District Court, S.D. New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Wyndham Hotel Group International, Inc. v. Silver Entertainment LLC, (S.D.N.Y. 2022).

Opinion

UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK

WYNDHAM HOTEL GROUP INTERNATIONAL, INC., Plaintiff, 15-CV-7996 (JPO)

-v- OPINION AND ORDER

SILVER ENTERTAINMENT LLC and ALLEN SILVERMAN, Defendants.

J. PAUL OETKEN, District Judge: In October 2015, Plaintiff Wyndham Hotel Group International, Inc. (“Wyndham”) filed this action against Defendants Silver Entertainment LLC (“Silver”), Veneto Hotel & Casino, S.A. (“Veneto”), and Allen Silverman as a result of a breach of a franchise agreement. (Dkt. No. 1. (“Compl.”)) Before the Court now is Wyndham’s motion for summary judgement against Allen Silverman. (Dkt. No. 214.) For the reasons that follow, Wyndham’s motion is granted. I. Background A. Factual Background The Court assumes familiarity with the factual background of this case as set forth in its prior opinion. See Wyndham Hotel Grp. Int’l, Inc. v. Silver Ent. LLC, No. 15 Civ. 7996, 2018 WL 1585945, at *1 (S.D.N.Y. Mar. 28, 2018). B. Procedural Background Following the disposition of Wyndham Hotel Group International, Inc., 2018 WL 1585945, in which the Court granted summary judgment to Wyndham against Silver and Veneto as to liability, the Court entered a final judgment against Defendants Silver and Veneto.1 (Dkt.

No. 156.) The Court then lifted a stay of the action against Silverman (Dkt. No. 179), and in December 2019, Silverman filed a motion to dismiss Wyndham’s claim (Dkt. No. 185), which was denied (Dkt. No. 198). Contrary to Silverman’s contentions, the Court concluded that at the motion to dismiss stage of litigation there was sufficient evidence of consideration for Silverman’s guaranty of the December 2007 Note and that the guaranty was unambiguous. (Dkt. No. 198 at 3–8.) Now before the Court is Wyndham’s motion for summary judgment against Silverman. (Dkt. No. 214.) Wyndham argues that summary judgment should be granted in its favor because the December 2007 Note — including the guaranty — is a valid contract and it is undisputed that there remains a balance of $255,000 due on the Note.2 (Dkt. No. 215 at 4–10.) Wyndham

additionally argues that it is entitled to recover attorney fees and collection costs, pursuant to the terms of the franchise agreement. (Dkt. No. 215 at 10–11.) II. Legal Standard Summary judgment is appropriate when, construing the evidence in the light most favorable to the non-movant, there are no genuine issues of material fact and the moving party is

1 Wyndham asserts that Silver and Veneto have not yet satisfied any portion of the judgment. (Dkt. No. 215 at 1 n.1.) 2 The balance remaining on the note, exclusive of interest, is $255,000 (Compl, ¶ 29), and the recipient of the loan was Veneto. (Compl. ¶ 21.) As noted above, Silver and Veneto have not yet satisfied any portion of the judgment. entitled to judgment as a matter of law. See Fed. R. Civ. P. 56(a). “An issue of fact is genuine if the evidence is such that a reasonable jury could return a verdict for the nonmoving party.” Gayle v. Gonyea, 313 F.3d 677, 682 (2d Cir. 2002) (quotation marks omitted). The moving party has the burden of demonstrating that no genuine issue of material fact exists.

See Marvel Characters, Inc. v. Simon, 310 F.3d 280, 286 (2d Cir. 2002). III. Discussion Wyndham argues that it is entitled to summary judgment against Silverman because the December 2007 Note, including the guaranty, satisfies the elements of a valid contract under New Jersey law: “mutual assent, consideration, legality of object, capacity of the parties and formality of memorialization.” Cohn v. Fisher, 287 A.2d 222, 224 (N.J. Super. Ct. Law Div. 1972). Silverman only disputes the elements of consideration and capacity. (See generally Dkt. No. 225.) Each is discussed in turn. A. Consideration Supporting the Guaranty Silverman argues that the guaranty is void for lack of consideration because the “benefit

of the transaction flowed to Veneto,” not to Silverman, and Silverman held no equity interest in Veneto. (Dkt. No. 225 at 5–6.) Therefore, Silverman contends, there is a genuine dispute of fact as to what separate consideration was provided to Silverman in exchange for the guaranty. (See Dkt. No. 225 at 5–8.) As discussed in the September 14, 2020 Opinion and Order denying Silverman’s motion to dismiss, the Court concluded that separate consideration apart from the franchise agreement consideration was needed to enforce the guaranty against Silverman. (Dkt. No. 198 at 5.) However, Wyndham establishes two ways in which additional consideration was provided in exchange for the note. (Dkt. No. 215 at 8.) First, the December 2007 Note replaced the March 2007 Note made by Silverman, releasing Silverman as the primary obligor under the March 2007 Note. (Id.) Second, the December 2007 Note explains that ten percent of the principal loan balance was to be forgiven on each anniversary of the hotel’s opening date. (Id.) Silverman does not address these two facts.

The Court concludes that there is no genuinely disputed question of fact as to whether the guaranty lacked consideration. On April 15, 2008, Wyndham returned the March 2007 Note, marking it null and void, and noting that it had been “replaced by a new Note dated December 3, 2007 in the sum of $850,000 signed by Veneto.” (Dkt. No. 217-2 at 2.) Thus, it is undisputed that the December 2007 Note released Silverman as the primary obligor. The Court concludes that this is adequate separate consideration for the guaranty of the Note. B. Lack of Capacity Silverman next argues, albeit indirectly, that he lacked capacity to sign the guaranty. (See Dkt. No. 225 at 8–11.) He contends that the Court should not rely on Silverman’s December 22, 2020 testimony because his “lack of memory and confusion during his deposition

clearly do not tend to demonstrate someone with the capacity to undertake a sophisticated commercial contract today.” (Dkt. No. 225 at 8.) Silverman urges the Court to conclude that his alleged lack of capacity in 2020, as demonstrated by the deposition, raises a genuine issue of fact as to Silverman’s capacity when he signed the Note in March 2007 and the guaranty in December 2007. (Dkt. No. 225 at 9.) Additionally, Silverman argues that though he signed the Note, there is a genuine dispute of fact as to whether he was represented by counsel at the time. (Dkt. No. 225 at 10–11.) “[T]he party seeking to set aside [an] agreement has the burden of proving his incapacity or incompetence to contract or other extraordinary circumstance sufficient to vitiate the agreement.” Jennings v. Reed, 885 A.2d 482, 488 (N.J. Super. Ct. App. Div. 2005). This burden must be demonstrated by clear and convincing evidence. See Jackson-Bille v. Virtua Mem’l Hosp. Burlington Cnty., Inc., No. A-0418-19T2, 2020 WL 1983054, at *1 (N.J. Sup. Court. App. Div. Apr. 27, 2020). The test for mental capacity is whether:

[A] man [or woman] [has] the ability to understand the nature and effect of the act in which he [or she] is engaged, and the business he [or she] is transacting . . . . [I]f the mind be so clouded or perverted by age, disease, or affliction, that he [or she] cannot comprehend the business in which he [or she] is engaging, then the writing is not his [or her] deed.

Wolkoff v. Villane, 672 A.2d 242, 245 (N.J. Super. Ct. App. Div. 1996) (internal quotation marks omitted).

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Related

Jennings v. Reed
885 A.2d 482 (New Jersey Superior Court App Division, 2005)
Cohn v. Fisher
287 A.2d 222 (New Jersey Superior Court App Division, 1972)
Wolkoff v. Villane
672 A.2d 242 (New Jersey Superior Court App Division, 1996)
Gayle v. Gonyea
313 F.3d 677 (Second Circuit, 2002)

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Wyndham Hotel Group International, Inc. v. Silver Entertainment LLC, Counsel Stack Legal Research, https://law.counselstack.com/opinion/wyndham-hotel-group-international-inc-v-silver-entertainment-llc-nysd-2022.