Banking & Financial Services Litigation
Rhoads & Sinon is well-known for its extensive experience in the representation of banks and other financial institution since its founding in 1935. From multi-billion dollar megabanks to small community banks, Rhoads & Sinon has served the entire spectrum of financial institutions.
Our intimate knowledge of the nuances of banking law enables us to recognize, correct and, when necessary, litigate those issues that face banks and other financial institutions. We have been involved in many high-profile, high-exposure cases, finding success through either litigation or settlement. We are well-known for our unique approaches to settlement and the pioneering settlements we have achieved in complex disputes.
We have represented our banking and financial services clients in direct, derivative and class action cases involving claims of lender liability, breach of fiduciary duty, breach of contract, business torts, consumer protection, RICO, and privacy violations. We have also successfully pursued cases arising from check-kiting, wrongful dishonor, fraudulent endorsements and fictitious payees, and other theft of services and money against banks, as well as the representation of banks and financial institutions in all aspects of bankruptcy proceedings, from the initial work-out, through adversary proceedings and dissolution, including fraudulent conveyance and preference actions, and priority disputes.
We have litigated claims arising under state and federal securities laws, as well as fidelity bond and fraud claims arising from financial transactions. We have also counseled clients in matters related to collateral foreclosure proceedings, enforceability of commitment letters and letters of credit, participation agreements, guaranty and surety agreements, and municipal and tax-exempt bond transactions. In addition, we are regularly involved in litigation arising from a financial institution’s fiduciary duties, working in tandem with our Professional & Fiduciary Liability group, to address claims of improper account administration, improper distribution, surcharge, removal, will and spousal contests, bond and trust indenture claims, and conflicts of interest.