Defeat of Two Motions to Dismiss in Federal Court for Banking Institution

On behalf of our client, a bank that has brought a loan default action. Edwards Wildman lawyers in Providence and Boston defeated defendants’ two motions to dismiss filed on jurisdictional grounds in the US District Court for the District of Rhode Island. The bank filed the case in 2011 as a result of a loan default of nearly $1.5 million by two individual borrowers with substantial ties to the garment and fashion industries.
Posted on June 12, 2012