Michigan Lawyers Weekly

Law firm failed to properly secure loan

By Michigan Lawyers Weekly Staff,

2024-05-21

This was a legal malpractice lawsuit in a case involving a loan related to a Michigan cannabis business. The lawsuit alleged that the lender’s attorney failed to properly secure the loan, forcing her to accept partial repayment of a fraction of what she was owed when the borrower defaulted.

The defense maintained that no attorney-client relationship existed and, therefore, there was no breach of duty. A settlement was negotiated after the parties engaged in mediation.

Matthew L. Turner, counsel for the plaintiff, provided case information.

Type of action: Legal malpractice

Injuries alleged: Failure to protect interests in a loan transaction

Name of case: Client v. Law Firm

Court/Case no./Date: Confidential; 02/19/2024

Tried before: Mediation

Name of judge: Confidential

Mediation award: $340,000

Attorneys for plaintiff: Matthew L. Turner, Southfield; David M. Black, Southfield

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