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Friday, Aug 19, 2022
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East West Bank Faces $39 Million Judgment

A Los Angeles County Superior Court jury handed down a $39 million verdict against Pasadena’s East West Bancorp Inc., finding that the bank had breached a multimillion-dollar construction loan agreement with a Cambodian refugee couple, forcing them to default on their loan and leading to foreclosure on the commercial property, the Los Angeles Times reports.

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