News & Press: Member News

July Blog Post: AmLaw 200 Firm Sued on “No-litigation” Assurance in Closing Opinion

Wednesday, July 12, 2017   (0 Comments)
Posted by: Chip Deale
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In the first post for July on the new ACMA Community Blog, Fellow Lydia Stefanowicz summarizes a March 2017 suit filed against the prominent law firm Quarles & Brady, LLP for damages allegedly arising from a third party closing opinion issued by the firm in a loan closing in Illinois.

In her post, Ms. Stefanowicz opines that, "The case against Quarles & Brady appears weak and is likely to be dismissed ultimately. However the damage is done when the complaint is filed." She then describes four actions that potentially could have prevented the lawsuit.

To subscribe to the Community Blog, Fellows should log-on to the ACMA website; select "Manage Profile" on the right-hand side of the home page; click on the Blog icon; choose the Community Blog ("What's Up?"); and select "Subscribe" to read the blog posts to-date and receive Instant Updates of future posts. Subscribers also are encouraged to post comments in response to the blogs.

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