11th Circuit Reverses Dismissal Of Suit Over $675M Loan

ATLANTA - A district court wrongly dismissed a suit against a resort developer and its financial partner, the 11th Circuit U.S. Court of Appeals ruled Jan. 25, finding that fraud claims arising from a $675 million Credit Suisse AG loan are not subject to a forum-clause agreement (Mark Bailey, et al. v. ERG Enterprises LP, et al., No. 11-11670, 11th Cir.; 2013 U.S. App. LEXIS 1757).

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