Lawyers

Butler & Hosch CEO Will Surrender Florida Law License
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

Hosch

Bob Hosch. Photo courtesy of The Orlando Sentinel.

Summary: Bob Hosch of the closed law firm Butler & Hosch has filed a petition to surrender his Florida law license.

Mortgage law firm, Butler & Hosch, shuttered its offices around the country in May, and now its CEO Bob Hosch will surrender his Florida law license.

  
What
Where


According to the Orlando Sentinel, Hosch, 54, has filed a petition in Florida Supreme Court to surrender his license in a revocation agreement. The agreement would resolve him against any Bar complaints against him.

Hosch has also agreed to reimburse The Florida Bar for any costs in his case. This includes any claims made regarding stalled foreclosure cases that can be filed with the Client’s Security Fund of the Florida Bar. This fund helps compensate people who have lost property or money due to attorney misappropriation or embezzlement.

A spokesperson for Hosch said they do not believe any Security Funds claims have been made.

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!




The firm, which was founded in Florida in 1972, had 700 attorneys and employees and had offices in 27 states. At the time of its closure it was handling 60,000 foreclosures, the Tampa Bay Times reports. The firm mostly represented banks and lenders.

On May 14, Hosch sent an email to employees stating he was stepping down and that the firm was closing. He explained that the company’s strategy of rapid expansion overwhelmed the company finances. He said that the firm “grew too fast” and that this resulted in cash crunches and an inability to attract new capital. Without cash, he said the firm had to close because it couldn’t meet payroll.



In Hosch’s petition, he acknowledged that he had failed to promptly file motions to withdraw or notify the courts. Florida clerks said that the Butler & Hosch closure caused delays and fees, according to The Orlando Sentinel.

A Collier County Clerk, Dwight Brock, told the newspaper that home foreclosure sales were halted because Butler & Hosch attorneys stopped responding to phone calls and emails. He said that Florida courts had to work overtime to clear up the clog caused by the firm.

While giving up his Florida license provides some protections for Hosch, it will not protect him against a proposed federal class action lawsuit filed by former employees. They are seeking damages because they say the firm violated the WARN Act, which requires advance notice for layoffs.

Source: The Orlando Sentinel

Source: Tampa Bay Times



 

RELEVANT JOBS

Real Estate Closing Secretary

USA-SC-Aiken

As a Closing Secretary you will assist homebuyers, borrowers, sellers, and Realtors with the real es...

Apply now

Legal Secretary

USA-NY-New York City

Approximate Salary: Not Specified Location: New York, New York Job Type: Legal Secretary Po...

Apply now

LITIGATION PARALEAL

USA-LA-Baton Rouge

LITIGATION PARALEGAL Job Description Immediate opening: Downtown law firm seeking experienced ...

Apply now

Legal Secretary

USA-NJ-Tuckerton

Seeking a full time legal secretary in a small firm located at the Jersey Shore. Prior law firm expe...

Apply now

BCG FEATURED JOB

Locations:

Keyword:



Search Now

Housing Finance Associate Attorney

USA-MN-Minneapolis

Minneapolis office of a BCG Attorney Search Top Ranked Law Firm seeks a housing finance associate at...

Apply Now

Senior Intellectual Property Litigation Associate Attorney

USA-PA-Philadelphia

Philadelphia office of a BCG Attorney Search Top Ranked Law Firm seeks a senior intellectual propert...

Apply Now

Senior Intellectual Property Litigation Associate Attorney

USA-GA-Atlanta

Atlanta office of a BCG Attorney Search Top Ranked Law Firm seeks a senior intellectual property lit...

Apply Now

SEARCH IN ARCHIVE

To Top