Bailey Tool Victory in Lender Liability Litigation
December 23, 2021
Managing Director Jeff Anapolsky served as expert witness for the Ch. 7 trustee in Bailey Tool & Mfg. Co. v. Republic Bus. Credit (In re Bailey Tool & Mfg. Co.), 2021 WL 6101847 (Bankr. N.D. Tex. Dec. 23, 2021). The bankruptcy court ruled that the lender was at fault for its borrower’s bankruptcy and subsequent liquidation and liable to the borrower’s estate under various breach of contract, tort, and bankruptcy theories. The ruling validated the conclusions of Mr. Anapolsky's expert report.