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Co-op Bank Sued For £6.5M Over Hotel Development Stake

By Richard Crump (July 10, 2018, 4:32 PM BST) -- A U.K. asset management firm is suing Co-operative Bank PLC for £6.5 million ($8.6 million) after it allegedly broke an agreement to sell the firm its stake in a failed hotel development in northern England, claiming the lender wrongly rejected its offer and sold the property for more money to another bidder....

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