Episode 96 Signed, Sealed, Liable: The Realities of Opinions of Counsel

In this episode, host Sloan Simmons joins Public Finance Chair Daniel Maruccia and Municipal and Governance Co-Chair Mary Lerner to discuss opinions of counsel and their important role relating to bond issuances and related transactions.  Dan and Mary discuss the legal parameters applicable to opinions of counsel as well as practical impacts and challenges that can arise in this area of the law. Show Notes & References 1:26 – What are Opinions of Counsel 2:26 – Who asks for an Opinion of Counsel and why 10:08 – Information needed prior to signing an Opinion 12:09 – The seriousness of signing Opinions 15:01 – Unqualified v. Qualified Opinions 16:19 – Due diligence analysis 23:48 – Consequences to being wrong 25:39 – Timelines and missing deadlines 32:05 – Best practices   For more information on the topics discussed in this podcast, please visit our website at: www.lozanosmith.com/podcast   Disclaimer: As the information contained herein is necessarily general, its application to a particular set of facts and circumstances may vary. For this reason, this podcast episode does not constitute legal advice. We recommend that you consult with your counsel prior to acting on the information contained herein.