PDL BIOPHARMA, INC., plf-res, v. SAMUEL J. WOHLSTADTER def-ap

2940. PDL BIOPHARMA, INC., plf-res, v. SAMUEL J. WOHLSTADTER def-ap — Arnold & Porter Kaye Scholer LLP, New York (James M. Catterson of counsel), for ap — Gibson, Dunn & Crutcher LLP, New York (Robert L. Weigel of counsel), for res — Order, Supreme Court, New York County (Eileen Bransten, J.), entered July 29, 2016, which granted plaintiff’s motion for summary judgment in lieu of complaint on liability pursuant to CPLR 3213 and denied, defendants’ cross motion for summary judgment, unanimously modified, on the law, plaintiff’s CPLR 3213 motion denied, and the matter remanded to be converted to a plenary action, and otherwise affirmed, without costs.

The issue to be addressed at this juncture is not whether the subject guaranties are or are not enforceable; it is solely whether the guaranties are entitled to the expedited treatment of CPLR 3213. We hold that the guaranties on which plaintiff seeks summary judgment in lieu of complaint do not qualify as instruments for the payment of money only.