Woman awarded $6M in fraud case against US Bank

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Woman awarded $6M in fraud case against US Bank

Woman awarded $6M in fraud case against US Bank

NBC MONTANA-

A woman who sued US Bank alleging the company defrauded her when she sought a $300,000 loan to buy a condo in Bozeman has been awarded $6 million in damages.

Gallatin County jury on Friday awarded 55-year-old Mary McCulley $1 million in compensatory damages and $5 million in punitive damages for fraud.

McCulley sued in October 2009, alleging that between the time she signed the promissory note and when the loan went through, the condo’s deed changed from residential to commercial use and her expected 30-year mortgage became an 18-month commercial loan. She was unable to refinance, so she sold the condo to repay the loan.

[NBC MONTANA]

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2 Responses to “Woman awarded $6M in fraud case against US Bank”

  1. The note says:

    Anyone notice US Bank is getting slammed lately? Attorneys representing homeowners have any insight?

  2. It was US BANK’s arrogance that costs them the verdicts. I was pressured to take the money but along with came conditions that would have been impossible to meet.
    I felt I was being set up to fail again.
    The trial itself was quite entertaining and I am finishing up the screenplay
    this week.
    I am so grateful for my lawyers, and their team Patten Peterman Bekkedahl and Green out of Billings Montana. They did an awesome job.

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