Georgia leads the nation in bank failures with 55 so far, and the number keeps rising. In 2010, there were 157 bank failures nationally. This is bad news for banks and the lawyers who represented them.
In just the last few months, the FDIC has filed legal malpractice suits against some of the most respected law firms in Georgia. Demands have been made against many more with tolling agreements and settlements with others. This is just the beginning of what will likely be a steady stream of claims against Georgia lawyers as the FDIC attempts to recover from the deep pockets of lawyers and their legal malpractice insurers.
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