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Thursday, March 28, 2024 | Back issues
Courthouse News Service Courthouse News Service

Conflict of Interest

California-based East West Bank claims in Illinois state court that Monroe Capital Partners, the administrative agent for lenders including East West, refuses to take action to collect $34.5 million owed on a credit agreement because Monroe holds an equity interest in the borrower’s parent company.

CHICAGO – California-based East West Bank claims in Illinois state court that Monroe Capital Partners, the administrative agent for lenders including East West, refuses to take action to collect $34.5 million owed on a credit agreement because Monroe holds an equity interest in the borrower’s parent company.

Categories / Business, Financial

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