Pa. High Court Affirms Bank's $11M Confession Of Judgment

Law360, Philadelphia (November 27, 2013, 3:17 PM EST) -- The Pennsylvania Supreme Court on Tuesday upheld a contract obligating a developer to pay Susquehanna Bancshares Inc. $10.7 million stemming from its default on a 2008 construction loan.

The one-page per curiam order, which came less than a week after oral arguments were held, provided no details on why the high court elected to affirm the Superior Court’s ruling favoring Graystone Bank, acquired by Susqeuhanna in 2012, over a group of entities led by Grove Estates LP.

John Keller of Keller Keller & Beck LLC, who...
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