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Flooring Loans

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District Court (Ga.) Enters Judgment Against Dealer Guarantor on Floor Plan Note for $1,418,059.73, Rejects Counter-Claim for Breach of Oral Agreement

by Scott J. Hyman |

In Nissan Motor Acceptance Corp. v. Sowega Motors Inc., 2012 WL 3987417 (M.D.Ga. 2012), Judge Land entered summary judgment in favor of a floor plan lender against a dealer guarator on the Guaranty in the sum of $1,418,059.73, and against the dealer guarantor on his cross-complaint for breach of oral contract.  On the latter, Judge Land explained: In his Counterclaim,… Read More

Auto Finance Flooring Lender Prevails in Month-Long Jury Trial in Orange County Superior Court

by Scott J. Hyman |

In what may be the largest auto dealer finance case ever tried to jury verdict, Severson & Werson defended Nissan Motor Acceptance Corp. against $250 million in “lender liability” damage claims by a failed auto dealer group and prevailed with a $40 million judgment against the dealer after 5 weeks of trial. Nissan reports that this is the largest judgment it… Read More

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