Law360, New York ( April 17, 2014, 12:55 PM EDT) -- Bucking the trend of decisions broadly interpreting nonrecourse carveout, or "bad boy," guaranties, a defendant in a claim on a nonrecourse carveout guaranty scored a significant victory when Judge Deborah A. Batts of the Southern District of New York rejected a lender's interpretation of a "bad boy" guaranty in an attempt to hold the guarantor liable for post-foreclosure deficiency....
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