Andrews' Bank & Lender Liability Litigation Reporter
August 23, 2001
Federal Tort Claims Act
Copyright (c) 2001 Andrews Publications
SUIT AGAINST SBA AS GUARANTOR CAN PROCEED
Audio Odyssey Ltd. v. United States
A suit against the Small Business Administration in its capacity as guarantor of a loan can continue, a federal appeals court has ruled. The suit alleges the SBA was negligent when it allowed a bank to accelerate a loan and seize collateral. Audio...