Businessmen File Countersuit against Cal-Farm
Luke, Robert, American Banker
LOS ANGELES -- Two California businessmen have filed suit against Cal-Farm Insurance Co. and others for $450 million, charging fraud, breach of contract, and racketeering.
The insurance company earlier had filed suit against the businessmen -- Errol and John Coughlan, owners of Eagle Bonds and Insurance Brokers Inc. and California-Pacific Construction Inc. -- alleging fraud and racketeering, among other things.
Cal-Farm, affiliated with the California Farm Bureau Federation, has been involved in a scandal concerning mortgage guarantees that has tarnished banks and savings and loans across the country, including the Bank of America, which apparently was not involved …
The rest of this article is only available to active members of Questia
Sign up now for a free, 1-day trial and receive full access to:
- Questia's entire collection
- Automatic bibliography creation
- More helpful research tools like notes, citations, and highlights
- Ad-free environment
Already a member? Log in now.
Questia, a part of Gale, Cengage Learning. www.questia.com
Publication information:
Article title: Businessmen File Countersuit against Cal-Farm.
Contributors: Luke, Robert - Author.
Magazine title: American Banker.
Volume: 150.
Publication date: August 16, 1985.
Page number: 3+.
© 2009 SourceMedia, Inc.
COPYRIGHT 1985 Gale Group.
This material is protected by copyright and, with the exception of fair use, may not be further copied, distributed or transmitted in any form or by any means.
One moment ...
- Georgia
- Arial
- Times New Roman
- Verdana
- Courier/monospaced
Reset