We recently won summary judgment defending a large Bank against a borrower who sued for breach of contract and fraud involving $4.5 million in loans for a condominium project. When the Bank refused to extend the loans on terms dictated by the borrower, the borrower sued the Bank claiming that he was defrauded and that the Bank made false oral promises. The borrower sought millions of dollars in compensatory damages and punitive damages. The Bank counterclaimed for breach of the personal loan agreement. We filed for summary judgment on all of the borrower’s claims and filed an offensive summary judgment motion for breach of the personal loan agreement. The panel of three arbitrators unanimously granted both motions for summary judgment, disposed of all of the borrower’s claims and awarded the Bank the principal on the personal loan plus attorneys’ fees. Read Article