First-Quarter 2010 Mortgage Litigation Index
Cases related to loan commitments.
|Link to Story
|JPMorgan Chase & Co.
|Lenny K. Dykstra
|U.S. District Court for the Southern District of New York
|Plaintiff alleges that bank made a loan to plaintiff knowing that plaintiff would be unable to repay the loan.
|Dykstra v. JPMorgan Chase & Co.
|March 17, 2010
|The Senator, LLC
|Hoss Mortgage Investors, Inc.
|Washington Court of Appeals
|The court reversed a lower court grant of summary judgment in favor of Senator. Senator sought loans from Hoss backed by three commercial properties owned by Senator. Upon failing to find investors to purchase securities backed by one of the three properties, Hoss did not fully fund the loans and Senator refused to perform under the Agreement in the absence of full funding of Hoss loan.
|Hoss Mortgage Investors, Inc. v. Senator LLC
|March 1, 2010