Banking and Finance Expert 441776 AL

Expertise Description

I have more than 55 years of Legal experience as an Attorney. My practice has been devoted to financial and business transactions including the structuring of a wide variety of financing transactions. I have also actively prosecuted civil and bankruptcy matters on behalf of financial institutions and defended lender liability lawsuits. I have a wealth of experience in the legal and business aspects of secured and unsecured lending for all types of credit facilities. I have authored a monthly column and for 25 years have written a monthly Internet column on recent developments of interest to financial services attorneys. I have over 5 years of expert witness experience with consultations and deposition.

Areas of Expertise

Expert Witness

My expert witness experience includes the following: (1) A dispute between the originator of a real estate loan and various loan participants over the management of the credit facility; (2) A dispute between two competing financial institutions over the effectiveness of a Uniform Commercial Code financing statement; (3) A dispute between two lenders over the effectiveness of a Uniform Commercial Code financing statement and whether an attorney had adhered to the standard of care required of him; (4) A divorce proceeding in which the perfection of a lien was challenged by a divorcing spouse; and
(5) A dispute with a lender challenging whether the general partner of a limited liability company had authority to encumber the property of the limited liability company.

Consulting Experience

My consulting experience includes assisting the Risk Management Association in the development of the online courses for commercial lenders dealing with lender liability and compliance with the Uniform Commercial Code. I have consulted with the UCC Plus Division of Fidelity Financial on requirements that should be satisfied as a prerequisite to the issue of an UCC insurance policy. I have also worked with several corporations in developing online access.

Professional Experiences

My professional experience includes: (1) Bringing a case before the United States Supreme Court challenging the refusal of U.S. District Court judge to make a ruling on an issue within his exclusive jurisdiction. (2) Acting as counsel for the Trustee in the largest Chapter 11 case ever filed in the U.S. District Court for the Northern District of Illinois. (3) Acting as counsel for the Receiver of a failed stock brokerage firm put in receivership by the Securities and Exchange Commission. (4) Acting as Executive Vice President and General Counsel of a major banking company in Chicago for three years. (5) Teaching classes for overseas lawyers in South Africa, Latvia, Laos, Tanzania, and Uganda, under the sponsorship of the Fulbright Senior Specialist Program, the American Bar Association team teaching program and the International Law Institute’s African Centre for Legal Excellence. (6) Serving as an arbitrator for the Financial Industry Regulatory Authority.


Degree Subject Institution
J.D. Harvard Law School
M.B.A. University of Pennsylvania
B.S. Economics Northwestern University

Licenses Certifications

Member of the Bar, State of Illinois

Awards & Affiliation

Awards for Journalistic Excellence, Risk Management Association
Illinois Institute for Continuing Legal Education

Primary Affiliation

Illinois Institute for Continuing Legal Education