A lawsuit filed by a New York firm claiming breach of contract involving a commercial construction loan rejection is being disputed by Bethpage Federal Credit Union.
Liberty Meadows of Hauppauge, N.Y., and its managing members Demetrius A. Tsunis and Enrico Scarda, filed a suit Wednesday in the New York Supreme Court in Suffolk County alleging breach of contract, fraud and negligent misrepresentation regarding a rejected loan from Bethpage to finance townhouse condominiums for senior citizens.
In the suit, the plaintiffs alleged that the credit union committed to making a condo development loan however, the funding was not approved by the loan committee. Due to the rejection, the plaintiffs said they experienced financial losses because the project was put on hold for 15 months.
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