{"id":365810,"date":"2010-02-26T11:05:00","date_gmt":"2010-02-26T16:05:00","guid":{"rendered":"http:\/\/chicagopressrelease.com\/press-releases\/bank-denies-forgery-sues-investors"},"modified":"2010-02-26T11:05:00","modified_gmt":"2010-02-26T16:05:00","slug":"bank-denies-forgery-sues-investors","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/365810","title":{"rendered":"Bank denies forgery, sues investors"},"content":{"rendered":"

BLOOMINGTON, Ill. (AP) — Bank of Illinois is suing three real estate investors, claiming they owe the bank millions of dollars.<\/p>\n

The countersuit filed Thursday in McLean County is the latest step in the saga of the troubled bank and developer Larry Hundman.<\/p>\n

The lawsuit comes after the investors told the court they can’t be forced to pay a $3 million loan Hundman’s company defaulted on last month. They’re listed as guaranteeing the loan, but they claim their signatures were forged.<\/p>\n

The bank, however, denies that and claims they are trying to “shirk their promise to repay $3 million that they benefited from” as investors in Hundman’s company.<\/p>\n

Bank of Illinois is trying to get $9.3 million in defaulted loans tied to Hundman.<\/p>\n

Hundman’s attorney, Tom Arkell, declined to comment on the countersuit.<\/p>\n

—<\/p>\n

Information from: The Pantagraph, http:\/\/www.pantagraph.com<\/a> <\/p>\n

\u00a9 2010 The Associated Press. <\/span> All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our Privacy Policy<\/a>.<\/p>\n<\/p>\n

Read the original article from WBBM News Radio<\/a>.<\/p>\n

Distributed via Chicago Press Release Services<\/a><\/p>\n

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BLOOMINGTON, Ill. (AP) — Bank of Illinois is suing three real estate investors, claiming they owe the bank millions of dollars. The countersuit filed Thursday in McLean County is the latest step in the saga of the troubled bank and developer Larry Hundman. The lawsuit comes after the investors told the court they can’t be […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-365810","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/365810","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=365810"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/365810\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=365810"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=365810"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=365810"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}