Debt Claims Fail To Refer To ‘Lending Services’ Activities, 11th Circuit Affirms

(August 19, 2015, 11:30 AM EDT) -- ATLANTA — The 11th Circuit U.S. Court of Appeals on Aug. 18 affirmed a lower federal court’s ruling that debt allegations in an underlying bankruptcy proceeding fail to refer to the kind of conduct that constitutes “lending services” pursuant to a bankers professional liability insurance policy (Greater Community Bancshares Inc., f.k.a. Greater Rome Bancshares, Inc., et al. v. Federal Insurance Co., No. 15-11806, 11th Cir.; 2015 U.S. App. LEXIS 14437).

(Per curiam opinion available. Document #13-150820-018Z.)

In 2010, Greater Community Bancshares Inc. and Greater Community Bank...
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