FDIC sues Akerman Senterfitt for failing to record the assignment of judgment and failed to take any other steps to secure the bank's interest

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FDIC sues Akerman Senterfitt for failing to record the assignment of judgment and failed to take any other steps to secure the bank’s interest

FDIC sues Akerman Senterfitt for failing to record the assignment of judgment and failed to take any other steps to secure the bank’s interest

Daily Business Review-

Akerman Senterfitt and the chair of its banking practice William C. Arnhols have been hit with a $4.6 million malpractice lawsuit. The Federal Deposit Insurance Corp. filed the suit on behalf of defunct Peninsula Bank.

The Federal Deposit Insurance Corp. is suing the Akerman Senterfitt law firm and the Miami chair of its banking practice, alleging negligence by the firm over its handling of a real estate loan caused the failed Peninsula Bank to lose $4.6 million.

 The lawsuit, filed June 14 in U.S. District Court in Tampa, names as defendants Akerman; Miami partner William C. Arnhols, who chairs the firm’s banking, lending and structured finance practice; and Drake Batchelder, former managing partner of the firm’s Fort Lauderdale office.

 Ben Hill III, an attorney for Akerman with Hill Ward Henderson in Tampa, said, “We completely disagree with the FDIC position and believe Akerman acted properly in all respects.”

 [Daily Business Review] subscription needed

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