Borrower, Agent Defend Dismissal Of $14.5M Suit Filed By Insurers In Rehabilitation

Mealey's (February 18, 2021, 7:42 AM EST) -- RALEIGH, N.C. — A borrower and its agent filed separate replies in a North Carolina federal court on Jan. 4 defending their 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....