Case Study: Interpharm V. Wells Fargo

Law360, New York (September 14, 2011, 2:02 PM EDT) -- On Aug. 26, 2011, the U.S. Court of Appeals for the Second Circuit held that a release of the lender given by the borrower in a forbearance agreement was not induced by economic duress and was therefore enforceable. Interpharm Inc. v. Wells Fargo Bank NA _____ F.3d ____, 2011, (2d Cir. Aug. 26, 2011). Upon paying its obligations to the lender after all its assets were sold, the borrower sued the lender alleging breach of contract, breach of duty of good faith and fair dealing, tortious...
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