Citimortgage, Inc. v. Chicago Bancorp, Inc.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• finding that the district court was not permitted to engage in a loan-by-loan analysis to evaluate whether CMI’s loan defect determinations were made in good faith
• noting that a similar “agreement was the result of an arm’s length negotiation between two sophisticated commercial entities . . . [that] knowingly accepted the risk set forth by the plain language therein”
• finding CitiMortgage “did not act in bad faith by asserting or enforcing its legal and contractual rights.”
• “An obligation to minimize avoidable consequences does not exist if the plaintiff has a vested contract right to recover the amount sought.”

Source: CourtListener parenthetical corpus (CC0).