Breach of Loan

Our client was sued for over $11,000,000.00 for a Breach of Loan Agreement secured by all of his businesses and a personal guaranty by a major bank where there was no defense. After accrued interest the Judgment was in excess of $16,000,000.00. After years of legal maneuvering and negotiations, Thomas Ryu was able to negotiate a settlement for $350,000.00 approximately 2% of the Judgment amount.

Judgment: $16,000,000.00

Settled: $350,000.00