Fraud Action Against Bank
The firm was retained to represent clients who had loans and personal guarantees with a bank. The bank initially represented that it would partner with the clients and not accelerate the full balance of the loan at the maturity date. Thereafter, the bank fraudulently induced the clients to sign modified loan documents with the intention of accelerating the loan. The client is suing the bank for, among other things, breach of contract, breach of fiduciary duty and fraud.