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8-figure Pre-Suit Settlement Against Directors and Officers of Failed Bank

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8-figure Pre-Suit Settlement Against Directors and Officers of Failed Bank

Joyce Gist Lewis secured a $14 million settlement against the former officers of a community bank in Puerto Rico after demonstrating that the officers breached their fiduciary duties and failed to comply with representations made to regulators as a condition of being permitted to transfer mortgage servicing from the bank’s holding company to the bank.

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