Banking Litigation

Banks and other financial institutions are often relentless in pursuing borrowers, particularly when market conditions and other circumstances create friction. We represent individuals and businesses in their dealings with banks and lenders, helping our 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

LENDER LIABILITY

Loan agreements require lenders to fulfill their agreed-upon obligations and act in good faith. Yet oftentimes, lenders overreach and abuse their position. We successfully handle matters including breach of contract, tortious interference, fraudulent misrepresentation, and the opening and striking of confessed judgment.

Our firm represents institutional and private borrowers in negotiations, workouts, and litigations against banks in courts at the state and federal levels, as well as in arbitration and mediation. Below is a list of representative lender liability matters:

  • Obtained a multi-million dollar settlement against a major financial institution for failing to provide financing required by the loan agreement and commitment letters
  • Obtained an injunction against a bank, barring it from filing a confession of judgment against the borrower, protecting not only money but also the borrower’s credit status and reputation
  • Won the opening of judgment entered against our clients by major financial institutions
  • Caused a judgment confessed to be stricken and rendered a nullity
  • Obtained a forbearance agreement from a regional financial institution and vacated judgment after filing a petition to strike and open judgment entered by confession
  • 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 loan repayment, 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

If you have a banking litigation matter, our attorneys stand ready to assist you.

" I have known Dennis Abramson as an attorney of the highest quality and regard for over 10 years. During this time I have referred him dozens of matters and each one has been met with great success. He is consistently able to achieve results for his clients that many other attorneys are unable to obtain. In addition, he provides a personal touch that is rarely seen in lawyers today. When making a referral I firmly believe that it is a reflection of me and my judge of character and ability. For this reason Dennis is always at the top of my list. In short, Dennis makes me look good by doing right by my clients. I cannot make a stronger endorsement. " — Jonathan G.

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