Michael F. Richards is a Banking Expert Witness and Consultant with more than 34 years of experience. His experience as a Founder, President, and Director of two De-Novo banks and the head of a work-out department for a regional bank give clients and attorneys a crucial behind-the-scene understanding of all aspects of banking.

Mr. Richards' experience in heading a work-out department provides a wealth of knowledge in litigation testimony from the perspective of a bank officer. He has extensive experience in Lending, Lender Liability, Banking Operations, Regulatory Oversight, Policies, Procedures, and Standards of Care in the Banking Practice. Mr. Richards' represents both Plaintiffs and Defendants.

Areas of Expertise:

De Novo Start-ups / Fundraising

Banking Practices, Policies, and Procedures

Standards of Care

Bank Officers’ / Directors’ Conduct, Actions, Negligence

Banking Operations

Credit Analysis

Loan Review

Loan Documentation

Bank Regulations / Law

Commercial and Real Estate Lending Practices

Consumer Lending Practices

Forensic Commercial Loans

Lender Liability

Loan Participation and Documentation

Troubled Debt Restructuring Practices, Workouts, Forbearance

Collection Practices

Loan Commitment Issues

Loan Guarantee Issues

Bank Credit Administration and Credit Policy Issues, Customs and Practices

Real Estate Appraisal

Bank Fraud

Bankruptcy, Fairness of Interest Rates "Cramdown"

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Nancy Wurzman, JD, MBA, CPCU, ARM is a practicing attorney and a seasoned insurance professional with more than 35 years in the Insurance Industry. She has a multi-faceted background in Insurance and Risk Management, having worked as a risk manager, broker, independent agent, risk management consultant, and working owner of a TPA handling claims and safety services.

Ms. Wurzman has an MBA from the Wharton School with a major concentration in Insurance / Risk Management and a minor concentration in Finance. She has handled a multitude of transaction and litigation work in the insurance industry as a private practice attorney including providing coverage opinions, managing coverage litigation, and acting as counsel to retail agencies and managing general agencies.

Areas of Expertise:

Assists Insurance Agents in Merger, Acquisition, and Sale Analysis

Developed, Licensed, and Managed a Premium Finance Company for a Financial Institution Financing over $100MM

Litigates both Plaintiff and Defense Actions including Obtaining Recoveries from Companies in Bankruptcy

Retained as an Expert Witness in Cases Covering Various Insurance Issues