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LLOYD v. CVB FINANCIAL CORP.

No. 13-56838.

811 F.3d 1200 (2016)

Barry R. LLOYD, Plaintiff, and Jacksonville Police and Fire Pension Fund, Plaintiff-Appellant, v. CVB FINANCIAL CORPORATION; Christopher D. Myers; Edward J. Biebrich, Jr., Defendants-Appellees.

United States Court of Appeals, Ninth Circuit.

Filed February 1, 2016.

Attorney(s) appearing for the Case

Timothy A. DeLange (argued), Niki L. Mendoza , Bernstein Litowitz Berger & Grossmann LLP, San Diego, CA, for Plaintiff-Appellant.

George T. Conway, III (argued), David M. Murphy , Warren R. Stern , Wachtell, Lipton, Rosen & Katz, New York, NY; Scott Vick , Jason T. Riddick , Rachelle S. Torres , Vick Law Group, APC, Los Angeles, CA, for Defendants-Appellees.

Before: HARRY PREGERSON, CONSUELO M. CALLAHAN, and ANDREW D. HURWITZ, Circuit Judges.

OPINION

The last recession put the Garrett Group, a commercial real estate company, into serious financial trouble. In 2008, Garrett informed its largest creditor, CVB Financial Corporation ("CVB"), that it could not make payments on its loans. After the loans were restructured, Garrett informed CVB in early 2010...

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