Jeff Leonard and Erik Heninger successfully settled a case on behalf of a high-net-worth depositor against an out-of-state bank. The depositor wired a large sum of money to the bank to be pledged in conjunction with a multi-million dollar loan that the bank made to a manufacturing conglomerate. The manufacturing conglomerate subsequently filed bankruptcy, which was considered to be one of the largest bankruptcy cases in the southeast at the time. The depositor claimed that the bank improperly applied the deposit to the bank’s losses on prior, undisclosed loans during the bankruptcy proceedings. Jeff and Erik successfully handled the case on behalf of the depositor, despite heavily-contested summary judgment proceedings, and proceeded to trial. The case settled on the first day of trial.
Congratulations to Jeff Leonard and Erik Heninger!
