What is banking litigation support? It’s more than just witness testimony. A former banker, for instance, must uniquely understand the financial institution industry. He must understand the nuances of the banking industry and the legal procedures involved. As a result, he can provide clients with invaluable support during a courtroom trial. Below, we explore what this type of litigation support is all about.
Financial expert witness
You may need an expert financial witness if you are involved in banking litigation. These experts can advise on financial matters, including databases and analyses. They can also testify about banking issues, such as handling checks, float management, and posting procedures. Financial expert witnesses have years of experience working in the banking industry. Some topics they can testify about are interest rate risk, fraud, pension losses, and many more. A financial expert witness background in banking helped us explain financial concepts to juries and judges. He also has extensive experience in litigation support and consulting for clients.
Expert witness testimony
Using an expert witness can help your case. While the process is complicated, an expert witness will be able to explain it to a jury or judge. In addition, his experience in the banking industry will benefit your case. His extensive industry knowledge will help the jury or judge understand what’s going on. And, since he specializes in this field, he can explain the terms used in the banking industry to the jury.
The court also noted that Fellheimer has experience in other industries and was a CEO and Chairman of two financial institutions, so his knowledge and expertise are not limited to banking. In addition, the deposition highlights that he has experience in arranging loan agreements. As such, the court agrees with the defendant that he is qualified to testify as an expert on sound banking practices. But this did not stop the defendant from arguing that he was not competent to testify.
Class action lawsuits
When it comes to consumer class action lawsuits, many of them involve financial products or services. Many class actions directly challenge the terms of financial products. The firm’s team includes highly qualified academics, experienced government leaders, and seasoned consultants with deep expertise in finance, economics, and industrial organization. These individuals combine their understanding of actual market behavior with sound empirical research and economic theory to deliver the highest-quality, independent, and objective testimony and advice. This allows the firm to respond quickly to changing legal needs and maximize its client’s bottom line. For example, banking litigation support for class action lawsuits requires expert testimony and accurate and timely analysis.
Government investigations
In today’s tangled legal and regulatory environment, many businesses face a combination of civil and criminal investigations, resulting in various legal issues for banks. This includes the growing use of whistleblower reports and government investigations and the possibility of parallel investigations. In either case, seasoned counsel is essential in navigating these challenges and ensuring that the client’s best interests are protected. Accordingly, government investigations are an integral part of banking litigation support.
Publicly traded companies are tasked with navigating the complexities of multiple regulatory agencies, often in parallel. While complying with a government subpoena can result in favorable regulatory outcomes for the bank, failure to maintain privilege may have unintended consequences. Failure to preserve the confidentiality of internal documents can result in a rift between the bank and the investigating government agency. However, with proper preparation and a well-informed attorney, banks can ensure that confidential documents’ disclosure complies with the law.
