MOBILE, Ala. - A federal judge in Alabama on April 10 dismissed a breach of contract claim against a certain defendant in a suit brought by a bank that acquired the participation interest in a loan after the failure of another bank, agreeing with the defendant that the claim fails because the defendant was not a party to the participation agreement (Renasant Bank v. Park National Corp., et al., No. 12-0689, S.D. Ala.; 2013 U.S. Dist. LEXIS 51536)....(read more)![]()
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