TITLE

Second Circuit Affirms Dismissal of Borrower's Complaint Against Asset-Based Lender

AUTHOR(S)
Chaitman, Helen Davis
PUB. DATE
March 2012
SOURCE
Lender Liability Law Report;Mar2012, Vol. 26 Issue 3, p5
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses the court case Interpharm, Inc. v. Wells Fargo Bank where the bank is being accused of breach of contract or breach of the covenant of good faith and fair dealing. The court examined the complaint and has decided to dismiss the borrower's complaint stating that the allegations could not support a wrongful threat. The court cited the cases VKK Corp. v. NFL, MLI Indus. v. N.Y.S. Urban Dev. Corp. and Kamerman v. Steinberg to support its decision.
ACCESSION #
73957306

 

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