Akerman Senterfitt Hit With $4.6M FDIC Malpractice Suit

Law360, New York (June 17, 2013, 6:16 PM EDT) -- The Federal Deposit Insurance Corp. slapped Akerman Senterfitt LLP with a $4.6 million lawsuit in Florida federal court Friday contending the firm negligently failed to secure now-defunct Peninsula Bank's interest in real estate tied to a $7 million loan that later went into default.

The agency says that when Peninsula assigned its rights and interest in a note and mortgage for a preexisting condominium project to North Bay Village Investment Trust LLC, Akerman failed to record a document that promised North Bay would subordinate its interest...
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