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…]
Choice of law, Michigan bank, supervisory control
CHOICE OF LAW: Request for supervisory control of Krueger as to “deemed denied” rulings on claim of Michigan law not sufficiently supported… order. [Read more…]
Discovery, sanctions against lender liability bank
DISCOVERY: Fees/costs/expenses against bank in $22 million lender liability case for discovery abuses including attempting to usurp Court’s authority as to what is relevant, default on liability too severe… Krueger. [Read more…]
$2,091,000 settlement, $697,000 fees, resort
SETTLEMENT: Complex 4-party deal including $2,091,000 payment by resort buyer, alleged fraudulent transfers, resort development divorce dispute… $697,000 fees to Ch. 7 [Read more…]