What started as a lawsuit by a bank against a client led to a class action suit against the bank and ended with a settlement valued up to $5.4 million.

Tagged with: business law commercial law Conversion MMPA UCC

A Jackson County circuit judge ruled that a bank was owed more than $668,000 in principal and interest and $289,000 in attorneys’ fees on a subdivision development loan that fell into default.

Tagged with: business law commercial law Verdicts & Settlements

A bank that sold bad assets to a Kansas City manufacturing company has to pay nearly $3 million in damages and canceled debt and fees.

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A federal jury awarded $50,000 to a Fenton heavy equipment dealer that had sought more than $6 million in damages after a Wisconsin manufacturer of industrial generators terminated the company’s local dealership over poor sales.

Tagged with: commercial law U.S. District Court for the Eastern District of Missouri Verdicts & Settlements

Boulevard Bank v. Malott (MLW No. 64595/Case No. WD74917 – 12 pages) (Missouri Court of Appeals, Western District, Ahuja, J.)

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Suspicious investors who removed their money from Bernard Madoff’s care before he pulled the bottom out from under his scheme have probably been congratulating themselves for their wisdom. Even those who recouped their principal only to plunge it into the ...

Tagged with: Bankruptcy Law Bernard Madoff commercial law investors