Bankruptcy Law Case Summary – Providence Hall Associates Ltd. P?ship v. Wells Fargo Bank

On behalf of Furr & Cohen, P.A. posted in News on Friday, May 6, 2016.

In a lender liability action, brought by plaintiff against defendant Wells Fargo following default on an interest-rate-swap transaction previously satisfied in Chapter 11 bankruptcy proceedings, the district court?s dismissal is affirmed where the prior bankruptcy proceedings preclude the present suit on res judicata grounds.