News + Events
Taylor, Bean & Whitaker Work Highlights Troutman Sanders
August 28, 2009
Troutman Sanders' representation of Taylor, Bean & Whitaker Mortgage Corp., once the nation’s 12th-largest U.S. home mortgage lender, has garnered widespread media attention in recent weeks.
The firm and its attorneys have been highlighted in recent articles in The Wall Street Journal, American Lawyer, St. Petersburg Times, Marketwatch, Ocala Business Journal, the Daily Report and Daily Deal/The Deal, among others.
The Journal’s August 28 article noted that Troutman Sanders was hired to investigate concerns by Taylor, Bean’s auditor, Deloitte & Touche LLP. The article also noted the involvement of Atlanta partner David Dantzler and quoted him.
It stated: “Mr. Dantzler, the lawyer representing Taylor Bean, noted that the company has installed new management. ‘As of today, we've not discovered any clear evidence of nefarious conduct,’ he said.”
The American Lawyer’s Aug. 24 article explained that Troutman Sanders was hired to represent Taylor, Bean “in its long anticipated bankruptcy.” The story noted that “Troutman has filed a request to be the company’s special counsel for litigation and regulatory matters.”
The article continued: “Auditors also found that Taylor Bean was late submitting reports to federal housing regulators, including Freddie Mac and Ginnie Mae. Taylor Bean then hired Troutman Sanders partners David Dantzler and Jeffrey Kelley to get its house in order.
“The Troutman lawyers pushed company executives to submit financial reports to federal regulators--reports that were due months earlier. But without their knowledge, court records say, Taylor Bean CEO Paul Allen sent Ginnie Mae a letter on July 6 explaining the company's failure to submit reports on time.”
To read the Wall Street Journal article, click here.