( March 13, 2026, 10:08 AM EDT) -- NEW YORK — A New York federal judge denied a Florida businessman’s motion to dismiss and request for a stay in a breach of contract action brought by a reinsurer that seeks to enforce a $34 million personal guaranty tied to a defaulted credit facility, ruling that the guaranty satisfies New York’s statute of frauds, is supported by valid consideration on its face and that related indemnification litigation does not warrant staying the case....