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Investor can sue bank for fraud (access required)

Risky loan case is ‘sign of the times’

An investor that alleged it was misled about risks when it purchased a restaurant loan gets to pursue its fraud claims against the bank that sold the loan pursuant to a contract, an Alexandria federal judge has ruled. U.S. District Judge James C. Cacheris rejected the bank’s argument that claims of fraud and constructive fraud were ...

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One comment

  1. Can a bank be sued for allowing a forged signature on a commercial loan?

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