Bank Dismisses Malpractice Claims Arising from a Commercial Foreclosure
Joe Kingma and Billy Newcomb represented an international law firm sued by a bank. The bank claimed that the firm mishandled a multi-million dollar commercial foreclosure and caused it to lose the value of its collateral. The bank demanded a pre-suit settlement which the firm rejected, arguing that the bank had not been damaged by the alleged mistake. After the bank filed suit, Joe and Billy filed a motion to compel the bank to produce internal records and guidelines which they believed would show that the bank mishandled the foreclosure and caused its own alleged damages. Rather than respond to the motion to compel, the bank dismissed the lawsuit.