Real Estate/Development
Mar. 30, 2011
Bank Sues L.A. Developer for Loan Fraud
Pacific Western Bank is suing prominent Los Angeles-area developer Robert Zarnegin for allegedly inflating his worth to receive a loan in a commercial real estate loan gone bad.
Daily Journal Staff Writer
LOS ANGELES - Pacific Western Bank is suing a prominent Beverly Hills developer for allegedly inflating his company's worth to receive a loan in a commercial real estate loan gone bad.
At a time when growing real estate litigation has targeted banks for making reckless loans leading up to the financial meltdown of 2008, the bank's lawsuit is a role reversal of sorts, though lawyers say complain...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In