Michael R. O’Donnell, Partner, Riker Danzig Scherer Hyland & Perretti LLP to Speak at The Knowledge Group’s Lender Liability Claims: What You Must Know and Do
For further details, please visit: https://knowledgewebcasts.com/know-portfolio/lender-liability-claims-cle/
About Michael R. O’Donnell
Michael R. O’Donnell is a Co-Managing Partner of
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Event Summary:
Lenders have always been faced with significant dilemmas when it comes to borrowers that fail to make payments. The severe impact of the COVID-19 pandemic on the economy further intensified this existing difficulty as waves of loan defaults hit creditors. Although it would be reasonable for lenders to proactively mitigate potential risks of loss, any efforts to engage with their borrowers should be done with prudence so as not to expose themselves to lender liability claims.
In recent years, many borrowers have used lender lawsuits during workout discussions, and they are becoming more assertive in leveraging these claims. With the present economic condition and pandemic implications, lenders should be very careful when making loan portfolio decisions now more than ever to ensure that their actions are consistent with safe and sound practices.
Join our select panel of key thought leaders for a discussion of the most common issues in lender liability claims, and how conflicts arise during the life of a loan. The speakers will also explore practical steps to improve loan administration and enforcement, thereby avoiding unnecessary lender lawsuits.
Key topics include:
Lender Liability Claims – Notable Court Decisions
Recent Enforcement Trends and Their Implications
Common Risks and Pitfalls
Best Practices for Risk Management
The Future of Lender Liability Litigation
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Read the full story here: https://www.pr.com/press-release/845934
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