Jackson Walker Botched Workout With Borrower, Bank Claims

Law360, New York (October 3, 2013, 9:00 PM EDT) -- PlainsCapital Bank on Tuesday said in a Texas state court suit that Jackson Walker LLP had “wholesale failed” to reasonably represent it in connection with a workout involving one of the bank’s borrowers.

The bank said it was "elementary" for the firm to have conducted a collateral review at or near the beginning of the workout to ascertain the bank's bargaining position, but that the firm instead left the matter in the hands of an inexperienced associate and provided him no oversight.

"This simple task was...
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