Bank Sues NJ Lawmaker For $3.6M Over Defaulted Loans
Six of the complaints in Bergen County Superior Court allege that companies controlled by Assemblyman Robert Schroeder, a Republican, defaulted on about $2.4 million in commercial mortgage loans from the Washington Township, N.J.-headquartered bank. Schroeder himself guaranteed those loans and owes more than $2.1 million, Oritani contends.
Oritani further claims in another complaint that...
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