Quantcast
Home / Opinion Digests / Defaulting party strikes out in claims against lender (access required)

Defaulting party strikes out in claims against lender (access required)

A holding company for a Madison County winery that defaulted on a commercial loan, and whose collateral was seized by the bank, could not assert the bank breached a contract because the company’s interpretation was contrary to the reasonable meaning of the agreement. Background In 2008, Sweely Holdings LLC and SunTrust Bank engaged in an $18.3 million ...