JPMorgan Wins $15M From Meritage In Project Loan Suit

Law360, Los Angeles (June 17, 2013, 8:54 PM EDT) -- A Nevada federal judge Monday granted summary judgment to JPMorgan Chase Bank NA’s subagent Insolvency Services Group Inc. in a case against Meritage Homes Corp., finding that Meritage owed $15 million to repay its share of a loan given to a bankrupt developer.

The decision came after the same judge ruled partially in JPMorgan’s favor in the lawsuit in September, finding Meritage liable for a share of the loan agreement but denying the lender’s request for damages. Judge Philip M. Pro in a summary judgment order...
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