Insurance
Nov. 25, 2014
Lender liability to guarantors: doctrine, pitfalls and strategy
When banks think about lender liability, they typically envision lawsuits by borrowers. But guarantors can also sue. By Caleb Mason
When banks think about lender liability, they typically envision lawsuits by borrowers. But guarantors can also sue. And the combination of an old doctrine, a new case and modern banking practices can create unexpected causes of action. Lenders must be aware of the possible bases for suits by guarantors, and adjust their disclosure practices and their litigation strategies.
Old Doctrine: Sumitomo
Pop quiz, bank g...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$895, but save $100 when you subscribe today… Just $795 for the first year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In