H. Robert Fiebach Discusses Second Circuit’s Decision to Invalidate Security Interest on $1.5 Billion Loan in Law360

Thursday, January 29, 2015

In an article titled ‘’Simpson Thacher May Be Haunted By $1.5B Loan Gaffe,’’ H. Robert Fiebach, a member of Cozen O’Connor’s Commercial Litigation Department, comments on  a paralegal’s error that went unnoticed by Simpson Thacher attorneys, dooming JP Morgan Chase & Co.’s secured interest in a $1.5 billion loan tied up in the General Motors bankruptcy. Whatever may be in store for Simpson Thacher, the larger takeaway of the Second Circuit’s ruling is that law firms and their clients cannot expect to be saved from their own mistakes even when their intentions are beyond dispute — particularly where correcting those errors could create negative consequences for others, Robert said.

To read the article, click here.

Contacts

H. Robert Fiebach

Senior Counsel

rfiebach@cozen.com

(215) 665-4166

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