Lender Liability Lawsuits Increase in Popularity

The slumping housing market has spoiled the friendly relationship between banks and builders as many end up in court. One of the most under-reported stories in the business and legal press is how the panic at commercial lenders has spread over the country, most if not all of them are sharply curtailing lending and looking to get out of large scale lending commitments they made during good times. It appears like a classic case of banks wanting to lend to anyone when times are good and then throwing customers under the bus the second the markets go south, but as with any story there are two sides to the crisis.

In what is certain to be a wave of litigation by borrowers attempting to stave off economic ruin due to the reaction of banks and lenders to plunging land values and credit worthiness of borrows, Speaking of Justice brings you one of the nations leading experts in lender liability litigation, John McGarvey.

Scott Drake, the host of Speaking of Justice, interviews John McGarvey...a partner at Morgan &  Pottinger in Louisville, Kentucky who was recently quoted in the WSJ on this issue. Lender liability defense is one of their many areas of practice.

The story in the Wall Street Journal

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Other News...Connecticut sues Countrywide

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