BBandT found liable for fraud against Louisville couple with the bank paying $10.6 million.
Louisville, KY (JusticeNewsFlash.com)–A Jefferson County, Kentucky, Circuit Court jury, in Louisville, returned a $10.6 million fraud verdict against Branch Banking & Trust (BB &T) on Monday. The jury verdict read before the court and judge presiding included $9 million in punitive damages against the bank for malicious conduct.
The business litigation lawyers representing the plaintiffs in the Bank of Louisville fraud case presented a strong case against bank officials and BB&T which acquired the Kentucky bank. The legal action, filed by the Thompson family lawyers, claimed the bank used false information to persuade the plaintiffs to consolidate numerous bank loans for their real-estate business into one mortgage held with the Bank of Louisville.
Apparently, BB&T committed fraud by convincing the Thompsons to enter a lending relationship through false representations. After the Thompsons agreed to the terms of the new consolidated mortgage, BB&T systematically destroyed their business by refusing to allow them to buy real estate. The Thompsons had been buying real estate for the past two decades as part of their business.
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Heather L. Ryan, R.N., C.L.N.C- Heather Ryan is a Certified Legal Nurse Consultant with 15 years of experience in the health care industry. Her expertise in reviewing medical records and assisting lawyers with the determination as to whether legal action should be taken provides an invaluable asset to the newsroom. Medical-malpractice, products liability, personal injury and workers’ compensation are some of the recent areas of litigation Ms. Ryan has focused her efforts on. A member of the Florida Justice Association, Heather maintains a long list of certifications and credentials to support her areas of expertise and stays up-to-date with her clinical knowledge working as an emergency room/trauma nurse, at a Level 1, Adult/Pediatric trauma and teaching institution in South Florida.