Quote:
Originally Posted by troutman
The important thing for BMO is lawyers have negligence insurance.
There must be some onus on BMO too, in not appraising these properties?
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I don't what kind of coverage lawyers have to carry (in terms of limits), but I'm assuming that this gets split into joint and several liability and the bank gets their money from the insurers and then leaves them to chase around all of the others for their shares?
That list is long and varied. I recognize a few names on their who I never would've expected to be involved...but then again who would one expect I suppose.