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Posts tagged "US Bank"

Florida bankruptcy case involves U.S. Bank

A businessman in Florida has been awarded $6 million by a jury after a finding against U.S. Bank. The jury found that the businessman was forced to file bankruptcy when the bank acted in bad faith. The verdict included $5 million in punitive damages, the largest amount awarded in the history of bankruptcy cases. Both the debtor and the bank are accusing each other of attacking and refusing to settle the dispute. The debtor accuses the bank of collection tactics that are akin to illegal loan shark activity, and the bank claims that it will appeal the decision based on its belief that the verdict was unfair. The bank has had only one other business in its equipment finance group file bankruptcy since 2006. 

ABA Defending Liberty Pursuing Justice American Bankruptcy Institute The Florida Bar 1950 CFAWL Criminal Florida Association For Women Lawyers Orange County Bar Association
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