VERDICT: $52,037,593, lending breach, failure to use TARP money to help struggling business… $275,251 owed by business to local development corporation. [Read more…]
Lending breach, Michigan law, standstill agreement
LENDING BREACH: Montana law applicable to suit against Michigan bank… bank’s summary judgment motion based on inapplicable law or clearly disputed material facts… case against bank not extinguished by standstill agreement or personal guaranty… no private cause under TARP, but TARP [Read more…]