Engagement Story

Expert Witness Report Prepared In Case of Commercial Developer Against Lender

Inglewood provided an expert report in support of a banking loan officer regarding a lender liability lawsuit brought forward by a developer. The developer was seeking to borrow more money against his home so that he would be able to meet cash flow demands for his commercial development projects which were in trouble due to the recession. When the bank failed to lend the additional funds to him, he responded with the lawsuit which he settled against the failed bank and FDIC, but continued against the loan officer. The developer's home foreclosure eventually went through, and the case was settled without deposition.