Los Angeles, CA, March 05, 2025 (GLOBE NEWSWIRE) — Zaya Younan has initiated legal proceedings in the Superior Court of California, County of Ventura, against Royal Business Bank (NASDAQ:RBB) and its three top executives: David R. Morris, Chief Executive Officer; Robert Franco, Chairman of the Directors’ Loan Committee; and Robert Ross, Deputy Chief Credit Officer (Case No: 2025CUOR038548).
The lawsuit alleges that Royal Business Bank and its senior leadership engaged in a systematic scheme of fraud, deception, and predatory lending practices designed to exploit borrowers.
According to the complaint, the bank, and its executives deliberately misrepresented and concealed the true terms and risks of loans while unlawfully altering or canceling critical financial instruments. They are further accused of engaging in unethical and deceptive business practices, acting in bad faith by willfully disregarding fair dealing and transparency, and intentionally interfering with the economic advantages of borrowers by disrupting their financial stability. The suit also contends that Royal Business Bank abused …
