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Wachovia sued for predatory practices.

Global Banking News-13 February 2009-Wachovia sued for predatory practices(C)2009 ENPublishing -

Global Banking News - 13 February 2009(c)2005 - Electronic News Publishing -

A Mount Airy Mount Airy is the name of several places in the United States of America:
  • Mount Airy, Georgia
  • Mount Airy, Louisiana
  • Mount Airy, Maryland
  • Mount Airy, Nevada
  • Mount Airy, New Jersey
  • Mount Airy, New York
  • Mount Airy, North Carolina
 developer, Granite Development LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
, has filed a suit against Wachovia Bank for its alleged predatory practices.

The developer complained that the bank had resorted to extortion, fraud and unfair and deceptive trade practices. According to according to
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

 the suit, the bank had resorted to unfair practices to force Granite Development LLC to accept unreasonable loan demands on an extension the developer wanted on the construction loans that it had received from the bank.

A spokesperson of the bank has denied the allegations.

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Publication:Global Banking News (GBN)
Date:Feb 13, 2009
Previous Article:FINRA fines Wachovia.
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