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Butte jury’s $52 million verdict for Masters Group International against Comerica bank possibly highest in state history
January 22, 2014 /
A Butte jury delivered a $52 million verdict Friday against a bank that received billions in federal bailout dollars, but refused to use the money to help a flailing client — an international company that planned to take root in Butte.
The office supply company Masters Group International filed suit against its former bank — Comerica — after the bank reneged on a written forbearance agreement and liquidated the company’s assets while Masters was trying to set up shop in Butte during the recession.
"That act effectively led to the death of the company," Timothy Strauch, Masters’ attorney told jurors.
By Kathryn Haake of the Missoulian
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Posted in: Montana Business
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