Michael F. Richards
is a Banking Expert Witness
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. Over the past 7 years he has been retained in over 95 cases in 33 different states.
Areas of Expertise
De Novo Start-ups / FundraisingBanking Practices, Policies, and ProceduresStandards of CareBank Officers’ / Directors’ Conduct, Actions, NegligenceBanking OperationsCredit AnalysisLoan ReviewLoan DocumentationBank Regulations / LawCommercial and Real Estate Lending PracticesConsumer Lending PracticesForensic Commercial LoansLender LiabilityLoan Participation and DocumentationTroubled Debt Restructuring Practices, Workouts, ForbearanceCollection PracticesLoan Commitment IssuesLoan Guarantee IssuesBank Credit Administration and Credit Policy Issues, Customs and PracticesReal Estate AppraisalBank FraudBankruptcy, Fairness of Interest Rates "Cramdown"
Successful discovery and depositions require an understanding of the problem loan process in banking.
Selecting the appropriate expert is a very important issue and there have been many articles written about the subject.