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Government

Feb. 13, 2003

Panel Tosses Verdict Against Bank

LOS ANGELES - A government-funded community bank founded to foster development in riot-ravaged South Central Los Angeles doesn't have to pay a $12 million judgment to a former borrower, a state appeals court ruled Monday.

By Katherine Gaidos
Daily Journal Staff Writer
        LOS ANGELES - A government-funded community bank founded to foster development in riot-ravaged South Central Los Angeles doesn't have to pay a $12 million judgment to a former borrower, a state appeals court ruled Monday.
        The 2nd District Court of ...

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