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Delta Community Lawsuit Plaintiff Says Atlanta CU Backed Out of Florida Deals

More details have emerged on how the alleged failed transactions involving Delta Community Credit Union led to a judge awarding $75 million to a developer.

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More details have emerged on how the alleged failed transactions involving Delta Community Credit Union led to a judge awarding the real estate developer involved $75 million.

According to the suit filed by David R. Pearson in 2010, Delta Community allegedly backed out of a $30 million deal that would have allowed the real estate developer to purchase several properties along Florida’s Gulf Coast from lenders that wanted to sell them.

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