Creditor Who Breached Subordination Agreement Must Pay Damages, Judge Rules

MILWAUKEE - A federal judge in Wisconsin on Jan. 11 awarded Wells Fargo Business Credit $750,000 plus prejudgment interest and costs against a defendant whom the judge earlier determined breached a series of subordination agreements when he accepted repayment on a $750,000 loan to a collection of borrowers with a Wells Fargo line of credit (Wells Fargo Business Credit v. Donald J. Hindman, No. 10-00348, W.D. Wis.; 2012 U.S. Dist. LEXIS 3783). View today's headlines and listen to the latest podcast at www.lexisnexis.com/legalnews Do you have news to share? Interested in writing a commentary article? Email the Mealey News Desk at Mealeys@LexisNexis.com Full story on lexis.com