f r a n c i s c f l o o d plc
email: fflood@lebowgerlach.com direct: 248.819.7201
Frank Flood has been a business and regulatory attorney since 1983. He divides his practice between regulated and non-regulated clients, counseling them in business, mergers and acquisitions, regulatory, real estate, insolvency and litigation matters.
Business Counsel
Throughout his career, Mr. Flood has represented non-regulated clients in mergers and acquisitions, business formation and planning, contracting, creditors' rights, commercial and residential lending and real estate, corporate, and administrative law, and commercial litigation. His business and commercial real estate clients represent a wide range of industries, including health care, real estate lending and development (commercial and residential), medical equipment, building and contracting, petroleum marketing, construction, technology, transportation and trucking, financial services companies other than insurers (banks, credit unions, broker-dealers, and investment advisors), automobile and equipment leasing companies, restaurants and taverns, restaurant and auto repair franchisees, retail stores, bowling centers, and non-profit businesses. For many of these businesses Mr. Flood served as their general counsel, handling all of the legal matters the clients encountered. For other clients, he handled transactions or particular projects.
In addition to business matters, Mr. Flood has extensive litigation experience, particularly in business bankruptcies and white-collar fraud cases. He has represented receivers, creditors, and insurers and their officers, directors and agents in insolvency cases. He has advised clients buying assets from insolvency estates. Notably, Mr. Flood was an attorney for the Chapter II trustee in a well-publicized collapse of a Michigan-based mortgage lender, which included double-assigned mortgages, fraudulent securitizations, intervention from state and Federal authorities, a large deteriorating servicing portfolio, commingling of monies between affiliates, litigation against hundreds of parties, and a labyrinth of financial transactions between debtor and affiliates. He worked on other mortgage fraud matters, as well as a number of cases for a variety of clients involving fraudulent tax shelters, coal mining and natural gas programs, and other securities and investment fraud cases. In related field, Mr. Flood has extensive experience in securities arbitration, working on cases through FINRA (formerly the NASD), representing customers, broker-dealers, and individual registered representatives, as well as serving as a securities arbitrator for over fifteen years.
Insurance Corporate & Regulatory
Mr. Flood has represented insurance industry clients in regulatory, business and insolvency matters since 1987, practicing in front of the Michigan Department of Insurance & Financial Services and most other state insurance departments. He has assisted clients on a range of regulatory matters, including change of control/Form A filings, insurer and producer licensing, UCAA, formations of new insurers, surplus lines applications, holding company registrations and transactions, privacy, terrorism, and relicensing. He has represented organizers of captive insurance companies, and formed both offshore and domestic captives. Mr. Flood acted as U.S. counsel for the receiver of an alien insurance company system that owned solvent and insolvent U.S. insurers. He has litigated against auditors and other service providers of insolvent insurers and represented receivers in pursuing assets and in reinsurance litigation.
While insurance company general counsel, he organized his company's corporate legal department, and was primarily responsible for all compliance and corporate legal matters. He has negotiated and closed the purchase and sale of insurance companies and books of business, reinsurance treaties, fronting agreements and agency agreements.
|
|
|
|
Areas of Practice
| | Insurance Corporate & Regulatory
| | | Business Counsel
|
Member of or Active In
| | State Bar of Michigan
| | | American Bar Association
| | | International Association of Insurance Receivers
| | | Insurance Institute of Michigan
| | | Life Insurance Association of Michigan
| | | Michigan Association of Health Plans
|
Admitted to Practice
| | Admitted to Practice in the State of Michigan (1983)
| | | U.S. District Court for the Eastern District of Michigan (1983)
| | | U.S. District Court for the Western District of Michigan | | | (1986)
| | | U.S. Sixth Circuit Court of Appeals (1985)
| | | U.S. Supreme Court (2001)
|
Education
| | University of Michigan Law School, J.D., 1983
| | | University of Michigan, B.A., with distinction, 1980
|
Speaker
| | Michigan Association of Certified Public Accountants, 2005 | | | - "Fraud Awareness Symposium: The Law of Fraud"
| | | Michigan Association of Certified Public Accountants, 2006 | | | - "Fraud Awareness Symposium: Actively Fighting Business Fraud"
| | | Insurance Institute of Michigan, 2006 - "Claims Seminar"
| | | Insurance Institute of Michigan, 2007 - "Claims Seminar"
| | | Walsh College, 2007 - "Exit Strategies for Closely Held | | | Companies: Buy-Sell Agreements"
| | | Michigan Society of Association Executives, 2010 - | | | "Insurance and Association Operations"
|
|