Subrogation Practice Areas
Subrogation Services for Fiduciary Surety Bonds
Finding Paths in the Subrogation Process for Sureties to Recover Loss
While a Fiduciary Surety has a legal obligation to pay the principal in the event of trust asset loss, it may also have a right of subrogation against the entity or person that caused the principal to default. Achieving subrogation recovery in these types of claims requires a creative approach to identifying responsible parties to maximize the surety’s chance of total recovery.
Rathbone Group’s skilled subrogation attorneys, claims adjusters, and specialists offer legal services for fiduciary sureties pursuing a subrogation recovery. We are adept at pre-suit negotiations and attempting alternate routes to subrogation recovery that don’t require the cost and time investment of litigation. However, our experienced subrogation lawyers have the litigation skills to prosecute cases through trial when necessary.
No matter the claim or the jurisdiction, Rathbone Group’s capable subrogation team provides effective legal services for fiduciary sureties navigating a subrogation lawsuit. Our focus is to find solutions that allow sureties to recover losses even in the most difficult cases.
Subrogation Counsel Adept at Identifying All Possible Liable Parties
One key to successful subrogation of surety bonds is ensuring we have identified all parties liable in the trust asset loss. In this case, pursuing subrogation recovery may prove difficult and particularly contentious. Rathbone Group is adept not only at pre-suit negotiations, but our attorneys are renowned for their litigation skills across all sectors of subrogation. Preventing escalation is a priority, but RG clients can rest assured our subrogation lawyers are tenacious and dedicated to seeing every claim through even when the politics prove difficult.
Subrogation law creates opportunities to recover loss on bond payouts under a theory of equity; a surety should not have to absorb unfair losses. However, effectively subrogating a bond claim requires inventive and resourceful recognition of third-party liability on the part of subrogation counsel managing the claim. The subrogation of fiduciary surety bonds also requires a cost-conscious approach. Our attorneys and support team of subrogation professionals offer unparalleled legal services for tricky subrogation claims cases like these.
Effective Recovery of Subrogation Claims Damages for Fiduciary Sureties
Rathbone Group pursues all entities and guarantors on issued bonds. Even successor corporations have exposure when potential parties are identified; the key is to identify all entities where liability can be applied. Our experienced subrogation attorneys explore all avenues to recovery, including criminal restitution orders for individuals or companies, and receiverships or inventory levies performed on any existing businesses.
When a fiduciary surety decides to take control of recouping their payouts, they strengthen all damaged parties, deter future misconduct by tortious parties, and preserve public perception of the quality and security of their trust services. A nationwide subrogation law firm, Rathbone Group’s cost-effective, creative approach to subrogation investigation, litigation, and claims resolution allow sureties to recover loss even in the most difficult cases.