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Stock Market & Financial Investment News

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November 29, 2012
08:19 EDTBONA, EWBCBona Film secures $20M credit facility from East West Bank
Bona Film Group (BONA) announced that it has entered into a $20M secured revolving credit line agreement with East West Bank (EWBC). The credit facility will be used to fund upcoming productions and to acquire the distribution rights to international films in China.
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September 9, 2014
06:42 EDTEWBCJury delivers verdict against East West Bank for damages of $38.91M
A jury in the case titled F&F, LLC and 618 Investment, Inc. v. East West Bank, Superior Court of the State of California for the County of Los Angeles delivered a verdict awarding F&F, LLC, damages of $38.91M of which $16.91M were compensatory and $22M were punitive damages, against East West Bank, which is a subsidiary of East West Bancorp. Any amounts ultimately payable at the conclusion of the litigation are expected to be reduced by $5M of damages previously paid to the plaintiff by a third party in related litigation not against East West Bank. F&F, LLC is the borrower on a construction loan made by East West Bank. Because this case has not been concluded, East West Bancorp intends to observe its policy of not commenting on pending litigation.

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