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Fri
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Holland & Knight - Waiver of Conflicts - Place Based Trust
Richard Dunnells — A partner in the DC office of Holland & Knight (after the dissolution of Dunnells & Duvall in the early- to mid- 90s) specializing in HUD matters.� He represented Hamilton Securities in various HUD related matters while it served as Financial Advisor to HUD and also as counsel to HUD in connection with certain “portfolio reengineering” matters (after HUD agreed to waive any conflicts that might arise by reason of his representation of many clients before HUD), including the “place based trust” being structured when Hamilton’s contract was cancelled.� In the Spring of 1997, an article appeared in the Wall Street Journal reporting that Holland & Knight had been fired by HUD for conflicts of interest relating to its portfolio reengineering representation of HUD. Dunnells had been retained by Hamilton’s first lien creditor, Franklin National Bank, to advise the bank regarding its lien on Hamilton’s HUD receivables.
