December 18, 2015
A California federal jury ordered Stearns Bank NA to pay $1.2 million in damages in a breach of contract suit brought by the developer of a $13 million project to build 29 luxury homes, well below the $16 million judgment the developer won in a previous trial.
May 08, 2013
Stearns Bank NA urged the Ninth Circuit on Wednesday to toss a $16 million judgment against it for allegedly breaching a real estate development contract, arguing that the trial judge gave faulty jury instructions that allowed the bank to be found liable for a federal agency's misconduct.
December 06, 2011
A California federal judge on Friday denied Stearns Bank NA's bid for a new trial in a breach of contract suit brought by the developer of a $13 million project to build 29 luxury homes, saying the jury reasonably came to its $16 million judgment against the bank.