Provident Law® WinsS $10,000,000 Provisional Remedy Order
Provident Law® is pleased to announce that attorneys Timothy Watson and Aaron Lumpkin recently won a contested provisional remedy order against two loan guarantors. The case arose out of a personal guarantee on a commercial loan agreement in which the borrower and guarantors failed to make payments on a $10 million loan. After filing a lawsuit, Provident Law® attorneys filed a provisional remedy application that allows a pre-judgment garnishment of assets as security for an anticipated judgment. Based on Provident Law’s filings, the court set an evidentiary hearing at which Senior Litigation Partner Timothy Watson presented evidence and testimony to successfully obtain a provisional remedy order in the amount of $10,649,395. The Provident Law® client may now proceed to garnish or attach assets to seize security for the eventual judgment they anticipate in the case.
Timothy Watson is the Senior Litigation Partner at Provident Law®. He is a trial advocate with more than 24 years of experience in high profile, high value litigation. He has successfully tried numerous cases in state and federal courts including multi-million dollar claims in the areas of business litigation, real estate, high net worth probate, injury and insurance matters. As a former Assistant Attorney General, Tim was lead trial counsel in some of the largest tort defense and consumer fraud cases in Arizona. He holds a Martindale Hubbell peer review rating of AV-Preeminent with high ethical standing. In addition to representing clients in large, complex litigation, Mr. Watson provides mediation and arbitration services. He can be reached at: Tim@ProvidentLawyes.com or at (480)388-3343.
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