F&F v. East West Bank

F&F v. East West Bank. FBBC’s clients, family-owned businesses, file Lender Liability lawsuit against East West Bank. FBBC’s clients have filed a lawsuit in California State Court against lender East West Bank, alleging breach of contract, breach of fiduciary duty, fraud and negligence, among other causes of action. The lawsuit is being brought by the borrower and two other businesses and alleges that the lender failed to properly fund-control a $40,000,000 commercial development project in Southern California and tricked the borrower into default so as to eliminate the otherwise performing loan from its portfolio by way of sale to another of its customers. The case is in its initial stages, but the Firm intends to act effectively and decisively to enable its clients to recover for all provable wrongful conduct. This case is being handled by partners Justin P. Karczag and Robert A. Curtis.