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Home / Opinion Digests / Broker’s Bad Faith Counterclaim Proceeds (access required)

Broker’s Bad Faith Counterclaim Proceeds (access required)

The Richmond U.S. District Court denies mortgage lender’s motion to dismiss broker’s counterclaim seeking damages and attorney’s fees for breach of the implied duty of good faith and fair dealing; broker sufficiently pleads an agreement, breach and injury based on lender’s delay in giving broker notice of a loan default. In April 2006, lender and broker ...