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