$10 Million Verdict for Baldwin County Sewer System Against Regions Bank for Interest Rate Swap Fraud
Baldwin County Sewer System v. Regions Bank | Mobile County, Alabama Circuit Court | Case No. 02-CV-2010-902196.00
After a week-long arbitration trial, Cunningham Bounds attorneys’ obtained an award of nearly $10 million for interest rate swap fraud perpetrated by Regions Bank on a local privately owned sewer company. This result was widely reported as the only interest rate swap fraud case to result in a judgment or award for a commercial plaintiff.