Stradley Says It Didn't Botch $200M Taylor Bean Loan Terms

Law360, Philadelphia (March 7, 2013, 2:27 PM EST) -- Stradley Ronon Stevens & Young LLP fired back Monday at claims it botched loan agreements prepared for Sovereign Bank NA that backed $200 million fronted to now-defunct Taylor Bean & Whitaker Mortgage Corp., arguing the firm's involvement in the deal began after the loans were issued.

In a response filed in Pennsylvania state court, Stradley said its attorneys were not involved in the drafting of initial documents establishing security and collateral for the loans, and that it was not the firm's responsibility to determine what private...
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