Full Credit Bid Rule Bars Recovery for Wrongfully Enjoined Lender
By: Michelle Keogh On June 30, 2014, Judge James A. Teilborg, a Senior District Judge in Arizona, ruled that Tri City National Bank (“TCNB”) was not entitled to bond money posted by the plaintiffs after TCNB was wrongfully enjoined from executing a trustee sale. Grady v. Bank of Elmwood, 2014 WL 2930510 (D. Ariz. June […]