Lloyds, Developer Get Weeks To Mediate £12.4M Loan Dispute

Law360, London (February 1, 2019, 8:47 PM GMT) -- A London court has given a property developer working on luxury rooms in London a few more weeks to negotiate an end to its £12.4 million ($16.2 million) lawsuit accusing Lloyds Bank employees of hustling unnecessary loan requirements tied to the London Inter-bank Offered Rate to churn out fees. 

Master Karen Shuman gave West End Homes and affiliate Les Residence Falcon Wharf Ltd. until Feb. 22 to mediate a conclusion to its case accusing Lloyds Bank PLC of tacking requirements on loans whose sole purpose was to make income. The developers have accused the bank of then pressuring it to sell property...

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