Is this case a dangerous legal precedent for banks?

February 27, 2019

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…

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