LEGAL MATTERS: After defaulting on a loan, Vaughn Lane, owner of now-idle SMI Companies Global, successfully sued Hancock Whitney Bank; a lawsuit being closely watched by the legal and banking industries. (Photo by Terri Fensel)
It’s not often that a borrower blames the bank for causing him to default on a loan.
It’s even less common for a borrower to sue the bank in federal court—as a St. Mary Parish oilfield servic…
We are glad you enjoy reading Business Report.
Continue reading this story and get ACCESS to all our content from any device with a subscription now.