Federal Judge Denies Dismissal Of Claim From Loan Participation Action

Federal Judge Denies Dismissal Of Claim From Loan Participation Action

FORT MYERS, Fla. - A federal judge in Florida on May 16 declined the request to dismiss a breach of the implied covenant of good faith and fair dealing claim from a suit arising from a loan participation agreement, disagreeing with the defendant bank's assertion that the plaintiff bank did not assert an implied covenant as part of its breach of contract claim (Pacific Premier Bank v. Shamrock Bank of Florida, et al., No. 12-0636, M.D. Fla.; 2013 U.S. Dist. LEXIS 69674).

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