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November 26, 2014

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Bank of America, JPMorgan win Fontainebleau loan appeal

Bank of America Corp., JPMorgan Chase & Co. (JPM) and other lenders justifiably refused additional loans to an “ambitious” casino development by Fontainebleau Las Vegas LLC, as the company had breached a credit agreement governing the revolving loans, a U.S. appeals court said.

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