Financial litigation is an umbrella concept in the law that covers many areas. You may wonder whether your case falls within this domain, so take a look at six reasons you might seek financial litigation support.
Oftentimes, a litigator with experience in finance will join a case once it has reached the settlement phase. For example, an injured person and an insurance company might agree that the plaintiff deserves compensation. However, they may be far apart on the financial side of the equation. The plaintiff has a major stake in the final number, and their attorney might ask for outside support. This is especially common when the insurer strongly disagrees with how the plaintiff's counsel reached a particular settlement figure.
Lots of litigation focuses on financial instruments, such as stocks, loans, and even some unusual kinds of assets. A plaintiff might threaten to sue a brokerage, for example, because they didn't settle a trade fairly. The plaintiff believes they're owed significant money, and they may need financial litigation support. A litigator will help them figure out how much they're owed so they can then propose a settlement.
You'll find restructuring issues to be adjacent to financial instruments. For example, you might have restructured a loan several years ago. However, the lender now says that you owe more than you believe is right under the restructured arrangement. You may need to sue to compel the lender to follow the restructuring deal.
Financial litigation also occurs when parties disagree about outstanding debts. This may seem as simple as starting a collection action, but it can get complex if the debtor insists they don't owe what you claim. To compel the debtor to pay up, you may want to sue.
The valuation attached to an asset can make a huge difference in your ability to use it. For example, you might want to use a piece of real estate as collateral. However, a lender might value the property at a level you feel is unfair. Especially if you see a pattern of such low valuations, you might decide to sue. The goal in such cases is usually to compel defendants to admit to unfair practices.
Financial Services Practices
Access to banking, investment, and other financial services is just as important as everything else discussed here. If you believe an institution has treated you unfairly, suing may be an option. Litigators usually aim to show that an institution's practices are unfair, illegal, or discriminatory.Share