- Bank Defense
- Banking and Financial Services
- Bankruptcy, Restructuring and Workouts
- Claims and Recovery Litigation
- Commercial Foreclosure and Real Estate Litigation
- Commercial Litigation and Alternative Dispute Resolution
- Consumer Finance Litigation
- Corporate Counseling
- Interest and Usury
- Merchant Bank Credit Card Processing Claims
- Mortgage and Home Equity Lending
- Real Estate
- Securities Litigation and Arbitration
- Workouts and Out-of-Court Restructurings
University of Chicago Law School, J.D., 1979
University of Illinois, B.A., 1976
U.S. Court of Appeals for the Seventh Circuit
U.S. District Court, Eastern District of Wisconsin
U.S. District Court, Northern District of Illinois
U.S. Supreme Court
Rich Wohlleber is a partner in the firm's Banking and Financial Services Department and a member of the Litigation Group. He has been practicing law since 1979 when he joined Chapman and Cutler LLP.
Rich represents banks, corporations and small businesses in a wide variety of litigation. He has experience in securities litigation and in particular has participated in securities arbitrations on behalf of broker-dealers and commodity trading advisors before a number of regulatory organizations, including the Financial Industry Regulatory Authority, the Municipal Securities Rulemaking Board, the National Futures Association, and the American Stock Exchange. He also has experience in SEC investigations.
Throughout his career, Rich has advised banks in virtually all aspects of retail banking and consumer financial services. He has participated in numerous pieces of litigation with respect to the handling, processing and clearing of negotiable instruments and the regulatory issues connected with retail operations. He has defended lenders in several class actions involving federal and state consumer protection statutes. Rich has three decades of experience in handling bank fraud matters, including cross-border transactions.
Rich’s bank clients regularly look to him for his advice in the workout of troubled credits, both secured and unsecured. In particular, he has handled many workouts involving commercial real estate.
- Representation of bank in fraud action in bankruptcy court against individual owners of debtor, resulting in $20 million fraud judgment
- Representation of bank in action by multi-location funeral home business involving 5-year embezzlement and misappropriation of funds
- Obtained dismissal of class action lawsuit against national mortgage lender alleging a pattern of improper interest calculations potentially involving $40 million
- Representation of underwriters responding to the SEC’s Municipalities Continuing Disclosure Cooperation Initiative
- Multi-state litigation involving bank fraud and recovery of stolen funds converted into real estate assets
- Successfully contested debtor’s attempt to move substantially all of his assets into off-shore trust to avoid collection