Optiplast Inc

A plastic-bag manufacturer has sued the federally funded Los Angeles Community Development Bank for breach of contract and misrepresentation, alleging that bank officers promised to lend money to the company in 1996, then improperly changed loan requirements in the eleventh hour, contributing to the company's demise. The Los Angeles County Superior Court claim by Los Angeles-based Optiplast Inc.

A plastic-bag manufacturer has sued the federally funded Los Angeles Community Development Bank for breach of contract and misrepresentation, alleging that bank officers promised to lend money to the company in 1996, then improperly changed loan requirements in the eleventh hour, contributing to the company's demise. The Los Angeles County Superior Court claim by Los Angeles-based Optiplast Inc.