A jury has awarded nearly $39 million, mostly in punitive damages, to a Cambodian immigrant couple who sued East West Bank for forcing the foreclosure of their commercial loan.
F&F LLC, a business owned by Choung Fann Yik and Ying Faung Ley, sued East West Bank, which had approved a $34.8 million loan for construction of a shopping center in Rancho Cucamonga, Calif. After the Pasadena, Calif., bank sold their loan for $22 million, the new investor foreclosed on the couple.
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