March 20, 2023
A New York federal judge has partly denied Wells Fargo and a PNC Bank unit's bid to toss a Beverly Hills hotel owner's lawsuit claiming they wrongfully demanded payment of "default interest" on a $38 million loan during the COVID-19 pandemic.
May 19, 2022
Wells Fargo and a PNC Bank unit are pushing a New York federal court to toss a Beverly Hills hotel owner's suit claiming they wrongfully demanded payment of "default interest" on a $38 million loan during the COVID-19 pandemic, saying the owner knows it breached the loan agreement.
January 31, 2022
A Beverly Hills hotel owner has sued two banks in New York federal court claiming they surprised it with a sudden demand to pay "default interest" on its mortgage during the COVID-19 pandemic, forcing it to permanently close the property.