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Stock Market & Financial Investment News

News Breaks
January 23, 2013
16:40 EDTEWBCEast West Bancorp sees Q1 EPS 48c-50c, consensus 48c
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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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