Banks and financial institutions are heavily regulated by state and federal law. Due to the complexities involved, small businesses and entrepreneurs are best served when they hire attorneys well-versed in banking laws and with experience dealing with banks. Many adverse events that businesses have encountered with their lenders and financial institutions could have been avoided, or at least mitigated, had they first consulted an experienced banking or lender liability attorney.Â
Representative Matters of Our Philadelphia Banking Lawyers and Lender Liability Lawyers
Banks and other financial institutions are often relentless in pursuing borrowers, particularly when market conditions and other circumstances create friction. In the past, we represented individuals and businesses in their dealings with banks and lenders, helping clients manage contentious disputes where an adverse outcome could prove devastating to their business.
Below is a list of recent, representative matters:
- Achieved a $1.5 million verdict in favor of a developer against an established bank for refusal to honor its loan commitment, despite the bank’s denial that the borrower met the conditions of a commitment letter.
- Defended a local businessman against a bank attempting to enforce a multimillion-dollar repayment of a loan, successfully pursuing our client’s claim that the bank’s conduct interfered with our client’s business.
- Negotiated a substantial settlement against a large local bank on behalf of a developer by successfully arguing that the bank improperly categorized construction loan proceeds.
- Defended against a bank’s attempt to enforce a multimillion-dollar loan repayment based upon our client’s claim that the bank damaged its business during the bank’s loan-collection process.
