Litigation & Appeals

Financial Services Litigation

Stites & Harbison's financial services litigation team offers its clients advocates and counselors with rich experience in the following practice areas:

  • Residential and commercial banking litigation
  • Business and real estate litigation
  • Bankruptcy
  • Securities and financial services litigation
  • Title insurance defense
  • Capital markets
  • White collar crime
  • Professional liability defense
  • Regulatory compliance

We represent financial institutions of all sizes in connection with the full spectrum of litigation and adversarial matters. Drawing from our members’ experience as in-house and outside counsel, we offer advice, innovative solutions, and efficient advocacy in the face of challenging state, national, and international lending environments.

Our team includes a former General Counsel for a residential mortgage lender and a former Consumer Protection Investigator with the Federal Trade Commission in Washington, D.C. Several members are recognized in The Best Lawyers in America® and Chambers USA: America's Leading Lawyers for Business. The current Kentucky State Editor for the online legal journal, Houselaw, is also in our group, and, lawyers on our team hold numerous positions in charitable organizations related to the industry. For example, one of our lawyers is the former President and current pro bono counsel for Kentucky Habitat for Humanity.

Experience, capabilities and recent successes:

  • In Rogan v. Bank One, N.A. (In re Cook), 457 F.3d 561 (6th Cir. 2006), Stites & Harbison lawyers successfully protected the security interest of a bank that was the assignee of a mortgage and recorded its interest after bankruptcy had been filed.
  • In Countrywide Home Loans, Inc. v. Ky. Bar Ass'n, 113 S.W.3d 105 (Ky. 2003), we successfully represented a national mortgage loan company before the Kentucky Supreme Court in challenging bar association rules that prevent title companies from conducting real estate closings.
  • Stites & Harbison lawyers have successfully argued that the Kentucky Consumer Protection Act does not apply to mortgage loan transactions.
  • Our lawyers have also successfully represented lenders in litigation involving alleged violations of the Truth in Lending Act, the Real Estate Settlement Procedures Act, the Homeowners' Equity Protection Act, the Fair Credit Reporting Act, the Fair Debt Collection Practices Act, and various other state regulations and statutes.
  • We have successfully recovered a lender's losses by asserting claims against a title insurance carrier under an insured closing protection letter for losses arising out of the fraudulent actions committed by the title insurers agent.
  • We have an ongoing commercial foreclosure practice that handles the most difficult and complicated commercial and residential foreclosure actions in Kentucky, Tennessee, and Georgia — often taking over for other firms when the foreclosure action diverges from the mainstream.
  • We won summary judgment on behalf of a lender in a commercial foreclosure action in which the holder of a prior-recorded mortgage failed to properly credit $500,000 at a previous loan closing and claimed that the subrogation agreement executed by the previous holder of its mortgage was unenforceable against its mortgage — preventing losses to the lender/client of almost $1 million.
  • We represented a title insurer in a multi-state recoupment action against a national lender — saving costs and attorneys' fees by aggressively pursuing discovery both before and early into the case and pushing for mediation — before the fees and costs incurred in the case prevented a reasonable settlement.
  • We have represented lenders in actions to recover losses resulting from mortgage fraud in circuit court, federal court, bankruptcy court, and family court.
  • We have performed extensive internal investigations, recommending changes to policies and procedures to prevent future losses.
  • We represent clients in government and internal investigations, and we know how to work with the authorities to obtain the criminal prosecution of a fraudulent agent or broker.
  • We currently defend accountants, lawyers, real estate agents, and home inspectors against professional liability claims and have the unique experience and capabilities to defend real estate brokers, escrow agents, and other professionals who are at risk of exposure in the current financial market.
  • We have assisted title insurers and lenders in investigations of closing agents and the agents’ escrow practices, and we believe in working quickly to minimize losses in fraud and defalcation cases.
  • Stites & Harbison lawyers recently defeated a putative class action alleging predatory lending on a dispositive motion, pre-certification.
  • We are currently defending a lender in a FLSA overtime class action.
  • Stites & Harbison has successfully argued that brokers and lenders do not owe a fiduciary duty to borrowers.
  • In Winchester Federal Savings Bank v. Winchester Bank, 359 F.Supp.2d 561 (E.D.Ky. 2004), Stites & Harbison lawyers successfully enjoined a new bank from using in its name the name of the city where it was located.
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Press Releases

Stites & Harbison Welcomes Joseph Ronderos, Jr., to the Nashville Office

NASHVILLE, Tenn.—Stites & Harbison, PLLC welcomes attorney Joseph V. Ronderos, Jr., to the firm’s Nashville, Tenn., office. He joins the Business Litigation Service Group. His practice focuses on financial services, product liability and business litigation.

by Stites & Harbison, PLLC May 16, 2023

56th Georgia Defense Lawyers Association (GDLA) Annual Meeting

Date: 6/15/23 - 6/18/23

The Breakers, One South County Road, Palm Beach, FL 33480

Don't miss the 56th GDLA Annual Meeting at The Breakers in Palm Beach, Florida from June 15-18. Earn CLE hours* and network with your friends and colleagues at various social events. Atlanta office attorney Jennifer Guerra will be a speaker at the event.

Jennifer M. Guerra March 07, 2023
Client Alerts

CFPB Issues Advisory Opinion on Digital Shopping Platforms for Mortgages

The Consumer Financial Protection Bureau (CFPB) has warned that Digital Mortgage Comparison-Shopping Platforms may violate the Real Estate Settlement Procedures Act’s (RESPA) anti-kickback rules. At issue are digital platforms or “online marketplaces” that enable potential borrowers to comparison shop options for mortgages and other settlement services. These websites allow potential borrowers to enter limited information that is typically part of a mortgage application, and then the platform operator purports to compare various mortgage options based on the information. The provided options typically generate paid leads for the suggested lenders and the website operator often sells the potential borrower’s contact information.

by T. Dylan Reeves February 10, 2023
Press Releases

Stites & Harbison Welcomes Dylan Reeves to the Nashville Office

NASHVILLE, Tenn.—Stites & Harbison, PLLC welcomes attorney T. Dylan Reeves as a Member (Partner) based in the firm’s Nashville, Tenn., office. He joins the Business Litigation and Torts & Insurance Practice Service Groups.

by Stites & Harbison, PLLC February 10, 2023
Press Releases

Robin Miller Honored by Ohio Super Lawyers for 2023

MASON, Ohio—The 2023 edition of Ohio Super Lawyers recently honored Stites & Harbison, PLLC attorney Robin D. Miller on its Super Lawyers list.

by Stites & Harbison, PLLC January 11, 2023
Press Releases

Benchmark Litigation 2023 Honors 15 Stites & Harbison Attorneys

LOUISVILLE, Ky.—The 2023 edition of Benchmark Litigation names 12 Stites & Harbison, PLLC attorneys as “Litigation Stars” and three as “Future Stars” in Kentucky. The guide honors the firms and attorneys who have demonstrated the ability to consistently handle complex, high-stakes cases in multiple jurisdictions.

by Stites & Harbison, PLLC November 17, 2022