Advertising Material

Advertising Material


Banking Litigation

Contact a Banking Litigation Attorney

Overview

Stoll Keenon Ogden’s Banking Litigation practice offers vigorous representation concerning disputes between and among lenders and borrowers. Our attorneys counsel clients at every stage of a lending related dispute, from settlement negotiations through the appellate process. We work as a team to resolve business credit disputes in as efficiently as possible and litigate them when a settlement isn’t realistic.  We also advise our clients on documenting lending transactions to minimize the risk of litigation.

Our scope of litigation services includes:

  • Commercial foreclosures
  • Lender liability claims such as breach of contract, breach of fiduciary duty, fraud, negligence, bad faith, tortious interference and duress
  • Lien priority and collateral disputes
  • Loan participation and inter-creditor disputes
  • Regulatory compliance, including defense of statutory claims
Benchmark Litigation Kentucky State Firm of the Year 2018

Work Highlights

Defense of RICO Claims against Developer

Brad successfully defended two subdevelopers and their principals against claims they violated the Racketeer Influenced and Corrupt Organizations Act (“RICO”) by allegedly misappropriating the proceeds from industrial revenue bonds issued to fund the construction of a large, urban, mixed-use development. The U.S. District Court for the Western District of Kentucky dismissed the complaint on the basis that it failed to adequately plead RICO violations or conspiracy. The plaintiff did not appeal the decision.

City of Bowling Green v. Mills Family Realty, Inc., Civil Action No. 1:17-CV-00158-JHM, 2017 U.S. Dist. LEXIS 208853 (W.D. Ky. Dec. 20, 2017).

Related Practices: Banking Litigation

Business Litigation

Caterpillar Fin. Servs. Corp. v. Sunnytime Seeding & Landscaping, LLC, 2011 U.S. Dist. LEXIS 118148 (E.D. Ky. October 12, 2011).  Granted summary judgment in favor of plaintiff.

Southern Indust., LLC  v. Maxine, LLC, 2009 Ky. App. Unpub. LEXIS 996 (Ky. Ct. App. Nov. 25, 2009).  Successfully argued for affirmation of order finding that a mechanics lien on commercial landlord’s property for work done on tenant’s behalf was not enforceable.

Related Practices: Banking Litigation

Banking Litigation

Fifth Third Bank v. McIntyre, 2013 U.S. Dist. LEXIS 94418 (E.D. Ky. July 8, 2013). Defeated motion to dismiss based on diversity of citizenship.

Related Practices: Banking Litigation

Bankruptcy Litigation

Spradlin v. Beads and Steeds Inns, LLC, 518 B.R. 408 (Bankr. E.D. Ky. 2014).  Court denied trustee’s motion to amend complaint to include a substantive consolidation count based on futility argument.

Teague v. Taylor, 2012 Bankr. LEXIS 2825 (Bankr. E.D. Ky. June 19, 2012).  Court granted motion for summary judgment filed by secured lender based on continuing security interest in collateral sold by debtor entity.

Lucky v. Ky. Bank, 2011 Bankr. LEXIS 5734 (Bankr. E.D. Ky. March 21, 2011). Obtained favorable summary judgment as to all of debtor’s claims including breach of privacy and intentional infliction of emotional distress.

Related Practices: Banking Litigation

Bankruptcy Litigation – Reverse Veil Piercing

Spradlin v. Beads and Steeds Inns, LLC, 516 B.R. 163 (Bankr. E.D. Ky. 2014).  Successfully argued that reverse veil piercing cannot be utilized by Chapter 7 trustee to permit fraudulent conveyance claims based on a transfer made by an entity owned by debtors.

Related Practices: Banking Litigation

Banking Litigation

Successfully secured settlement on behalf of investor recovering $2 million from institutional investment firm arising from overcharges of investment administration fees.

Related Practices: Banking Litigation

Complex Litigation of Superfund Cleanup Site

Louisville Industrial Park, LLC v. ExxonMobil Oil Corporation, et al., Case No. 3:14-CV-278-CRS (W.D. Ky., 2017). See also, FCBKy Holding, LLC v. Louisville Industrial Park, LLC, et al., Case No. 13-CI-402829 (Jefferson Circuit Court, 2013).

Originally presented with a foreclosure case by our bank client, the matter became further complicated when the location in question was declared a Superfund Site by the U.S. EPA. SKO negotiated a resolution that involved an acquisition under Kentucky’s brownfields regulations, protecting the bank against liability for historic contamination. The firm’s attorneys also successfully acquired the property for a subsidiary while dealing with substantial tax liens and negotiated a plan for cleanup, which proved satisfactory to state and federal regulators. Subsequently, SKO also successfully resolved lender liability claims that threatened to delay the transfer of the property and the commencement of cleanup activities. The case was settled favorably in March 2018.

Lender Liability Defense

Represented a Kentucky community bank in defense of a borrower’s claims related to his investment with another borrower. The bank won summary judgment on all claims.

Related Practices: Banking, Banking Litigation

Lender Liability Defense/Chapter 11 Bankruptcy

Obtained summary judgment from an Indiana federal court dismissing a lender liability action against a major regional bank and obtained dismissal of the borrower’s Chapter 11.

Related Practices: Banking, Banking Litigation

Commercial Foreclosure

Represented major regional banks and community banks in foreclosures of office buildings, shopping centers, golf courses, subdivision property, multi-family residential properties, warehouses, manufacturing facilities and others.

Contaminated Collateral

Successfully represented local lender regarding a defaulted loan secured by collateral that was contaminated and subsequently un-archived as a Superfund site.

Civil Money Penalty Defense

Representation of officers and directors of financial institutions in civil money penalty proceedings before the Office of the Comptroller of the Currency.

Industry Involvement

Kentucky Bankers Association

News