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Home / Opinion Digests / Business Law / Court Orders Bank Loan Buy-Back (access required)

Court Orders Bank Loan Buy-Back (access required)

In plaintiff MVB Bank’s suit alleging defendant Stifel Bank & Trust breached a loan sale agreement by misrepresenting that two particular loans were cross-collateralized, the Alexandria U.S. District Court says plaintiff may enforce the contract’s loan buy-back remedy as neither the borrowers’ personal guaranties nor pledge of the stock of one borrower for the second ...

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