Reinsurer Says Businessman’s Fraud Claim Is Unsupported In $35M Guaranty Suit

( June 26, 2026, 1:48 PM EDT) -- NEW YORK — In a guaranty enforcement action arising from a nearly $35 million loan allegedly backed by defective collateral, a reinsurer asked a New York federal judge to hold a premotion conference before it moves to dismiss a Florida businessman’s “barebones, scantily pled counterclaim for fraudulent inducement” and strike “nearly a dozen boilerplate affirmative defenses,” arguing that his arguments are “frankly nonsensical and, unsurprisingly, unsupported by any facts” because the counterclaim is barred by the guaranty’s merger and nonreliance provisions and fails to satisfy federal pleading standards....