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Home / Opinion Digests / Post-Default Equity Only One Option (access required)

Post-Default Equity Only One Option (access required)

Under the controlling Ohio law, a Note that gives the lender an “option” to take an equity interest in the borrower does not make the equity interest an exclusive remedy for the lender, and the Roanoke U.S. District Court refuses to dismisses the lender’s suit against the defaulting borrower for damages. Defendant borrower argues plaintiff’s only ...

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