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Placida Professional Center, LLC v. FDIC

Case Conclusion Date: 01.04.2012

Practice Area: Real estate

Outcome: Placida Professional Center was awarded judgment for damages against the FDIC in the amount of $960,000

Description: Placida Professional Center sued FDIC for damages for repudiation of a construction loan agreement after FDIC was appointed as the receiver for a failed bank and stopped funding the loan that was otherwise in good standing in all respects.

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