Philadelphia Lender Liability Matters Lawyer

Loan agreements require lenders to fulfill their agreed-upon obligations and act in good faith. Yet oftentimes, in the face of the law and the terms of the agreement reached with its customers, lenders overreach and abuse their position. We have substantial experience handling lender liability matters, including breach of contracts, tortious interference, fraudulent misrepresentation, and the opening and striking of confessed judgment. We have represented institutional and private borrowers in negotiations, workouts and litigation 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 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 vacation of judgment after filing a petition to strike and open judgment entered by confession
  • Obtained a multi-million dollar settlement against a major financial institution for failing to provide financing required by the loan agreement and commitment letters
  • 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

Mr. Dennis Abramson is one of the best lawyers in his expertise. I had a chance to consult with him in regards to a personal matter related to residency program and he went out of his way to help me and my wife. His advice was godsent and my family are lucky to have been connected to him. I highly advice anyone out there with problems related to this firm's expertise to contact Mr. Dennis Abramson and get consultation and work with their law firm. You will not be disappointed. Thank you so much for everything. — HG

Dennis is an excellent attorney. He was very responsive and I really appreciated his insight and knowledge. Highly recommend him for future potential clients. — JDH

Dennis is knowledgeable, responsive, patient, accessible, a great listener and explains things in a way that is easy to understand. He's also very easy to talk to. Highly recommend! — CR

They took the time to quickly assess my case and provide insightful information and strategy for my case. — LL

Abramson Law Firm has represented my company for 15 years in all aspects of contractual law. Dennis gets it. He finds creative ways to negotiate our needs and we have always come out on top. He has been able to settle 99% of our disputes and has exceeded our financial expectations in both lower payouts and/or higher receipts time after time. For Medical Products Laboratories, Inc as well as my personal needs there is no one better or that we would trust more than Dennis. — SS

Dennis and the Abramson Firm have been an integral part of my business for the last decade. He has successfully and professionally guided me through a number of challenges over the years. He is, and always will be, my first call in a time of need. — PG

I had the privilege of talking with Dennis for NBME/NRMP advice. He is extremely responsive and will explain things in a way that is easy to understand and make sense. I chose to contact him to reduce my risk and would definitely contact him again if I was in a bind! — AVVO review

I consulted with Dennis regarding an NRMP dispute about a match violation. He spent a significant amount of time talking me through the possible options, expected outcomes, and plans for handling complications. While I fortunately ultimately did not need to formally hire him for his services, I am incredibly grateful for his counsel and knowledge. I was sure that he would be in the best position to help me for this problem. — AVVO review

I contacted Mr Dennis regarding an ECFMG issue, he was very friendly and gave me a great advice. He didn’t charge for the consultation even it took a lot of his time. — AVVO review

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