(Monroe, NC) February 15, 2013 – Jeff Long obtained a favorable jury verdict yesterday in Union County Superior Court in the trial of Multibank v. MD Group. Prior to the trial, the plaintiff had demanded more than $3 million of Bray & Long’s clients. The jury returned a verdict of $0. Bray & Long represented a group of doctors which had obtained financing to build a medical facility. During construction, the lending bank went into receivership and our clients were never advanced their full loan amount, resulting in their being unable to complete the project. The receiving entity sued on the note, but the jury agreed with Jeff that the bank had breached its obligation, causing the damages.
