A failed residential subdivision in the Atlanta suburbs is at the center of a dispute that prompted the Federal Deposit Insurance Corp. to allege legal malpractice by one of Gwinnett County’s largest law firms.
The FDIC, acting as receiver for the defunct Integrity Bank of Alpharetta, claims that lawyers at Andersen, Tate & Carr made mistakes when they closed a $14.475 million loan that Integrity Bank made to a developer in November 2007. The loan proceeds were intended to pay off another lender and to fund the construction of houses on the 389-acre Bellah Landing development in Stockbridge.
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