Skip to content

National Market Share, Inc. et al v. Sterling National Bank

Case URL: 

Can you imagine losing a law suit and breathing a sigh of relief? That's undoubtedly what happened when Sterling National Bank ("Sterling") lost in a suit brought by former loan clients in the U.S. District Court for the Southern District of New York. That court found that Sterling had breached its duty of good faith and fair dealing, but the plaintiffs had failed to show that the breach caused the demise of their business. The U.S. Court of Appeals for the Second Circuit affirmed that ruling, which awarded only $1 in damages, in its December 23, 2004, decision.

But there is an important lesson for lenders in this case that should cause them to think about promises made and broken

Penalties View All

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Search Courtwatch