Federal Judge Refuses To Dismiss Insurers’ $14.5M Suit Brought Against Borrower

Mealey's (August 4, 2021, 9:02 PM EDT) -- RALEIGH, N.C. — A federal judge in North Carolina on July 20 denied a borrower and its agent’s motions to dismiss a complaint filed by three insurers in rehabilitation seeking to recover $14.5 million from the borrower under a loan agreement for its alleged breach of contract in failing to make a first interest payment....

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