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5th Circ. Says CEO Must Pay Wells Fargo, Trustmark $58.7M

By Hannah Albarazi (August 17, 2021, 3:28 PM EDT) -- A Fifth Circuit panel has affirmed a summary judgment order requiring the CEO of several petrochemical companies who defaulted on a revolving line of credit he personally guaranteed to repay Wells Fargo and Trustmark banks more than $58 million, rejecting the CEO's argument that the agreements had been fraudulently induced....

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